The Toyota Guaranteed Auto Protection (GAP) Program provides retail or lease customers peace of mind knowing that you are protected from unexpected financial obligations if your vehicle is declared a total loss.You might assume that your auto insurance policy is sufficient to cover any losses related to your vehicle. However, when a vehicle is declared a total loss, the primary auto insurance settlement is generally based on the market value of the vehicle. This amount may be substantially less than the balance due on the vehicle.
GAP pays the difference between the balance on your retail or lease contract and your vehicle's market value. Without GAP, you are generally responsible to pay this amount. With GAP, the deficiency balance is paid, including your auto insurance deductible.