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Gap & Creditor Insurance

Gap & Creditor Insurance #1

Denny Dealer Services has just the right product to offer your auto customers including gap and creditor insurance. Contact us today to learn more.

GAP Insurance Simply Explained

GAP products are intended to do just what the name implies – fill a gap. This product covers the difference between the loan amount, financing or lease value on the vehicle, and the actual cash value offered by the customer's primary insurer in the event of a Total Loss.

It is meant to cover the gap between the amount paid by the primary insurance company and the amount the customer still owes to their creditor for the vehicle.

First Class Warranty Services


What is Gap Protection? 

GAP is a type of protection that covers a purchaser’s finance agreement against the difference between the amount of money owed on vehicle loan at the time of a total loss and the amount paid for the vehicle from the purchaser’s insurance company. 

How Does First Class Gap Work? 

Balance owing on loan $18,000 
Insurance settlement 11,000 
Difference (Shortfall or GAP) 7,000 
Loyalty bonus* 500 
Gap Protection Pays $7500 
*$500 Loyalty Bonus is a credit applied to the purchase price of a replacement vehicle purchased from the same dealer/retailer.

Coverages for new and used vehicle PLUS up to $10,000 allowed for deficit coverage

Vehicle Armour logo

Vehicle Armour

Peace of mind coverage choices include Life, Critical Illness, Accidental Disability, and Involuntary Loss of Employment. Approved by all major lenders and manufacturers.

  • Pandemic is not an exclusion
  • Pre-existing protection after 1 year 

Northbridge logo


  • GAP insurance coverage
  • Canadian insurance company
  • Perfect for RV and powersports  
  • Up to 240 months coverage
  • Cancelable , covers the full amount of the loan


Simplify 4N1

  • Accidental Death Outstanding 
  • Accidental Disability Advantage
  • Involuntary Unemployment / Job Loss
  • Critical Illness Coverage
  • Job Loss is 6 months per occurrence with 180 days between claims up to 84 months of coverage.
  • Set pricing (affordable)
  • Pandemic is not an exclusion. 

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