Did you know that if your Powersport, Recreational Vehicle, or Watercraft were totaled or stolen, your insurance company might not pay off your entire loan balance?
Guaranteed Asset Protection (GAP) has you covered.
The value of a new vehicle rapidly declines during the first few years and your loan balance may be higher than the value of your vehicle. At a low, one-time cost that can be financed into your vehicle loan, GAP may reduce or eliminate the gap between what your vehicle insurance will pay and what you owe on your loan if your vehicle is deemed a total loss.
And, for only a few dollars more, enroll for GAP Plus! GAP Plus helps you get into your next vehicle by providing an additional $1,000 to help you purchase a replacement vehicle if you finance that Powersport, Recreational Vehicle, or Watercraft through First Northern.
Is GAP or GAP Plus coverage for you?
GAP or GAP Plus can even be added even after your loan is funded, by paying the fee upfront. Protect your investment today.