Protect Your Ride with GAP & MBP Coverage
Concern about a vehicle — and your finances — doesn’t stop when you drive off the lot. That’s why we offer Guaranteed Asset Protection (GAP) Waiver and Mechanical Breakdown Protection (MBP), designed to give you added peace of mind throughout the life of your loan. Learn more about these additional loan protection options for your auto or recreational vehicle and contact us about getting coverage today.
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GAP Protection
GAP protection provides supplemental protection to a borrower’s primary insurance and is designed to help borrowers avoid financial loss in the event of total loss or unrecovered theft. The difference between the loan net payoff amount and the actual cash value (ACV) paid by the primary insurance settlement produces a deficiency balance or “gap.” This remaining loan balance is covered (or waived) with GAP protection.
Additional Benefits:
- GAP helps pay off your loan in the event your vehicle is deemed a total loss (totaled or stolen and not recovered)
- GAP can be purchased at any time during the life of the loan
- GAP helps eliminate “out-of-pocket” expenses
- GAP covers your insurance deductible (up to $1,000) when a deficiency balance remains after a total loss
- GAP helps eliminate the risk of negative equity
- GAP provides each policy holder $1,000 towards the purchase of their next vehicle when financed with HarborLight
Mechanical Breakdown Protection (MBP)
Even the most reliable vehicle can develop a mechanical problem. That is why so many people have come to depend upon Route 66 Warranty.
Route 66 Warranty is the most comprehensive vehicle service contract with coverage available for all automobiles so that you will be able to enjoy your new purchase and have "Peace of Mind."
No matter where you travel in the United States, you are protected against major mechanical expenses, and there is no deductible on covered parts and labor.
Key Benefits of Route 66 Warranty*:
- Route 66 Warranty has been around for over 33 years
- All plans have a $0 deductible
- 30-day money-back guarantee
- Nationwide coverage
- Route 66 works with any certified mechanic of your choice
- 24/7/365 Emergency Roadside Service with EVERY plan
- Plans are transferable if you sell your car
- All plans come with rental and trip interruption benefits
- All vehicle service contracts are fully insured
*Program details may vary by state. Ask a Member Services Representative for details or receive a quote by calling (877) 894-5557.
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