(GAP) Guaranteed Asset Protection Certified Practice Test
GAP Risk Management & Insurance Fundamentals
What is the primary purpose of Guaranteed Asset Protection (GAP) insurance?
Select your answer
A
To extend the manufacturer's warranty.
B
To pay for routine maintenance.
C
To cover the full replacement value of a totaled car.
D
To cover the 'gap' between the loan balance and the car's value in a total loss.
Hint
