The Milby Group provides GAP (Guaranteed Asset Protection) coverage using the top companies. Our GAP coverage pays negative equity when the customer experiences a total loss of the vehicle through theft without recovery or physical damage due to an accident.

We utilize a one-price structure to cover negative equity balance on standard passenger vehicle loans or leases up to 84 months. Through our GAP companies, we can offer:

• Limitations

  • The vehicle can only have a retail value of up to $100,000 at the time of sale.

  • The maximum claim amount paid is $50,000 per occurrence.

   

• Claim Checks

  • Claim checks written within a few days of receipt of all completed claim documentation.

   

• "GAP Only"

  • Standard GAP coverage cost for dealers or financial institutions for up to 84-month loan or lease coverage.

   

• "GAP Plus"

  • Plus benefit for dealers for up to 84-month loan or lease, where the customer receives a $1000 benefit for repurchasing a vehicle from only your dealership as an added benefit of the GAP claim.

   

• "A" Rated

  • "A" rated insurance companies insure every GAP contract available through The Milby Group.

   

• Major Lending Institutions

  • Accepted by most major lending institutions including GMAC, Ford Motor Credit, Chrysler Financial, Honda American Finance Corp., Toyota Motor Credit, and more.

   

• GAP for various Motorcycles and Recreational Vehicles:

  • Motorcycles

  • ATVs

  • RVs

  • Personal Watercraft

  • Boats

  • Pop-up Trailers

  • Snowmobiles

  • Golf Carts

   

• Companies:

  • Gapwise - www.gapwise.com

  • American Auto Guard Inc www.autoguardinc.com

  • Protective Insurance Company www.Protective.com