Driver Select Gap Insurance
You can get Gap insurance for your new or used car, truck
or suv. Their plan includes the Gap coverage, deductible
coverage, extra special theft benefits, roadside assistance,
and rental coverage if your vehicle is a total loss. See all the
benefits of Gap insurance from this company by clicking here.
Drivers select automobile low protection eliminates the
financial gap between what your primary insurance companies
settlement is and the actual loan payoff to your bank, credit
union or financial company up to $50,000 per incident.

Under the terms of a loan or lease on an automobile, at the time of total loss, there is often a difference between the amount your insurer will pay as actual cash value (under comprehensive or collision coverage) and the amount which you owe to the entity that financed or leased the vehicle (such as a bank or auto dealer). This difference, which can be hundreds or even thousands of dollars, is called the "gap amount". Gap coverage pays this amount in the event of a total loss. There are two different forms of gap insurance. You may either (1) purchase a "waiver" of the gap amount directly from such lender or dealer, who in turn has purchased gap insurance to cover the vehicle, or (2) you may buy a separate policy, or add an endorsement to your present policy, to cover this gap amount. When purchasing a waiver, you may wish to verify that the insurer covering the lender or dealer is properly licensed and approved to write GAP coverage by the Insurance Department. In addition, please be aware that in the past few years, many lenders and leasing companies have changed the language of their financing contracts to state that the amount of settlement by the physical damage insurer (based on actual cash value) will be accepted as full satisfaction of the contract in the case of total loss to the vehicle. In these cases, neither a gap waiver nor policy is necessary, as no "gap" exists.

Other optional coverages available from some companies are Towing and Labor Coverage, Extended Transportation Coverage (Rental Reimbursement) and Mechanical Breakdown Coverage. You should contact your insurer, agent or broker to discuss whether it would be advisable for you to purchase them. Some additional coverage may only be offered when comprehensive and/or collision coverage is purchased on the insured vehicle.
Learn more