Guaranteed Asset Protection (GAP)

If your vehicle is stolen or totaled in an accident, your primary insurance settlement will be based on its actual cash value, not the outstanding loan balance. If you owe more than the insurance company covers, you would have to pay that “gap” out of your own pocket. When you purchase GAP, that deficiency is cancelled.


You can add the cost of GAP to your loan during the loan closing. If you’ve recently closed your loan, you may still have the opportunity to purchase GAP.

GAP Advantage*

GAP Advantage reimburses up to $1,000 of your insurance deductible in addition to the standard GAP coverage.

You may also receive an additional $1,000 toward the purchase of another vehicle financed within 90 days from the date of loss at Alaska USA.

*available in all states except Alaska

Eligible vehicles

  • New and used cars and pickup trucks (not exceeding a one-ton capacity) with loan terms up to 84 months.
  • Motorcycles, ATVs, personal watercraft, snow machines, and golf carts with loan terms up to 84 months
  • Motor homes, travel trailers, pickup/campers, and boats with loan terms up to 180 months on balances up to $125,000.

GAP cost per vehicle type

Vehicle type Cost
RVs (Motor homes, travel trailers, and pickup/campers)
  $25,000 or less$395
  More than $25,000$495