Coverage in case of a total loss.
What is GAP?
In the event your Porsche vehicle is declared a total loss due to an accident, theft, or natural disaster, your primary insurance company might only reimburse you for the amount equal to their assessment of the market value of your vehicle at the time of the total loss, less your deductible amount. As a result, there could be a significant gap between what your primary insurer pays and the balance you owe on your Conditional Sale Contract.
Porsche Guaranteed Auto Protection (GAP) may help protect you by waiving some or all of the difference.⁸
Available on new, pre-owned, and Porsche Approved Certified Pre-Owned vehicles on Porsche Financial Services Conditional Sale Contracts at the time of vehicle purchase only.
Here is an example of how Porsche GAP might help cover a $75,000 vehicle declared a total loss:⁸