farmbureaubank.com | Guaranteed Asset Protection (GAP)
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Farm Bureau Bank Guaranteed Asset Protection - GAP Guaranteed Asset Protection (GAP)

Guaranteed Asset Protection (GAP) protects you against financial loss in the event your vehicle is a total loss (totaled) or stolen and never recovered*.

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Guaranteed Asset Protection (GAP) Highlights

GAP eliminates or reduces "out of pocket" expenses for the remaining loan balance after a total loss or unrecoverable stolen collateral. Without GAP you would be responsible for paying the difference between the insurance settlement and the outstanding loan balance.

Add peace of mind with GAP coverage starting as low as $399. Click here for a complete list of GAP pricing.

 


GAP Pricing

Collateral Max Loan Balance Price
Autos & light trucks up to $100,000 $399
Motorcycles, ATVs, golf carts, snowmobiles & jet skis up to $50,000 $399
RVs & watercraft up to $24,999
$25,000 - $49,000
$50,000 - $125,000
$699
$1,049
$1,449
Motor homes up to $24,999
$25,000 - $74,999
$75,000 - $125,000
$699
$1,249
$1,549

* GAP claim coverage does not extend to cover amounts from payments that are delinquent, extended or skipped (Holiday Skip Program) during the term of the loan. Maximum MSRP/NADA coverage: 125%. Limit of liability: $50,000. The purchase price for GAP may be fully refunded within 60 days of the effective date of coverage



* Rates disclosed as Annual Percentage Rate (APR) and Annual Percentage Yield (APY). Farm Bureau, FB, and the FB National Logo are registered service marks owned by, and used by Farm Bureau Bank FSB under license from, the American Farm Bureau Federation. Farm Bureau Bank FSB is a service-to-member institution which provides banking services to Farm Bureau members and others in participating states. Services are not available in the following states: IL, KS, MI, MO, NY, OH, and WY.