Keyword
Guaranteed Asset Protection

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Auto client loses GAP insurance coverage dispute

October 6, 2021 by Greg Meckbach

A New Brunswick judge ruled last week in favour of a guaranteed asset protection (GAP) insurance provider that denied a claim from a motorist who borrowed money to buy a vehicle which was later destroyed by fire. In 2017, Jason…

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When GAP insurance is an ‘easy profit maker’ for auto dealer

January 21, 2021 by Greg Meckbach

Guaranteed Asset Protection is one way for automotive dealers to make money from consumers who make large down payments on their new vehicles, an automotive columnist suggests. GAP insurance is intended to protect consumers who borrow money to buy their…