GAP Care Advantage, underwritten by MIC Property and Casualty Corporation, is available through a GMAC Insurance account executive. It covers all eligible financial agreements, whether installment sale, lease, or balloon contracts.
Many people don't realize that if their vehicle is totaled due to damage or theft, the amount their insurance company will pay, may not cover everything. Sometimes the primary insurance payment is substantially less than the outstanding finance contract balance, leaving a "gap." That's why we offer GAP Care Advantage. GAP Care Advantage covers the borrower's responsibility for the gap amount between the outstanding finance contract principal balance and the actual cash value of a totaled or stolen vehicle. *
This program provides financial stability and an opportunity for the customer to start fresh.
* See the GAP Care Advantage Addendum for complete details on what GAP Care Advantage will and will not cover.
Contact your GMAC Insurance account executive to get more information on our profit-generating GAP solutions, or call us directly at 877-357-8477 (option #6). You may also email us at gmaci.dps@gmacfs.com – we’ll contact you promptly.