Guaranteed Asset Protection: 5 Common Misconceptions Costing You Money

Jeep Off-Roading Over Rock Gap

Think Guaranteed Asset Protection is Simple? Misconception. Guaranteed Asset Protection (GAP) is two things: A risk-management tool and non-interest income generator. But why does it even exist? During the 1980s, high-interest rates along with increased rates of vehicle depreciation spurred the introduction of GAP coverage. With interest rates rising (not…

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