GAP Protection

Guaranteed Asset Protection, or GAP, is a product we sell that covers our buyers in the case that an insurance company considers a claim “total loss.” If the machine is totaled or stolen and the insurance payout is less than what is owed on a loan, GAP covers that difference.

How it Works

If your motorcycle, ATV, or UTV is:

  1. Totaled in an accident, or
  2. Stolen and not recovered

Your insurance company pays the actual cash value (ACV) of the vehicle at the time of the loss. If that amount is less than your remaining loan balance, GAP pays the difference.

Example:

  1. Loan balance: $18,000
  2. Insurance payout (ACV): $14,500
  3. Remaining balance: $3,500

GAP pays the $3,500, so you’re not stuck paying for a vehicle you no longer have.

Common GAP Questions

No, but lenders may strongly recommend it—especially with high LTV (loan-to-value) loans.

No. Standard insurance only pays ACV. GAP is separate.

Some plans cover OEM and installed accessories up to a limit—this varies by provider.

Yes. Most plans allow cancellation with a prorated refund if unused.

Usually no, but it depends on the provider.

  1. Late payments or penalties
  2. Extended warranties or service contracts (unless stated)
  3. Carryover debt from previous loans