Guaranteed Asset Protection
In the event that your vehicle is written off due to accident, fire or theft - your insurance payout may be less than expected. Don’t let an unforeseen incident leave you out of pocket. In the event of a total loss, we’ll cover what your automotive insurance doesn’t.
Your Benefits
- Supplementary coverage to your primary insurance
- Covers the difference between your outstanding loan (including refinanced amounts) and the payout from your primary insurance, subject to the maximum benefit
- Covers refinanced amounts not covered by the GAP protection included with your HFS lease
- Protects your credit rating
- Up to $1,000 deductible credit available on certain plans
Just a few dollars a month
- Could save you up to $30,000 on the GAP program, or up to $50,000 on the GAP Plus program, including balances from previous loans
- Protects your credit rating
- Effectively locks in your rate for up to 8 years
Premiums are affordable
- Premiums can be included right in your vehicle’s finance or lease agreement
- Coverage is available for all vehicles
- Receive a $500 credit towards the purchase of a replacement vehicle purchased from your original purchase here at NewRoads Honda
Note: Values are an example only, actual values vary.
This page is intended to provide a general overview of the coverages of these programs. Images used in this brochure are for graphic representation only. Honda Financial Services reserves the right to make changes to these programs at any time without notice or obligation. Please refer to the Honda contract for full details of coverage, limitations, exclusions and mutual responsibilities. Visit NewRoads Honda for complete and up-to-date details regarding your coverage.