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What is GAP?
In the event your Porsche vehicle is declared a total loss due to an accident, theft, or natural disaster, your primary insurance company might only reimburse you for the amount equal to their assessment of the market value of your vehicle at the time of the total loss, less your deductible amount. As a result, there could be a significant "gap" between what your primary insurer pays and the balance you owe on your vehicle retail contract. Porsche Guaranteed Auto Protection (GAP) may help protect you by waiving some or all of the difference.¹ Available on new, pre-owned, and Porsche Approved Certified Pre-Owned vehicles on Porsche Financial Services Retail Installment Sales Contracts at the time of vehicle purchase only. Considering the risks associated with theft, collision, and natural disasters, Porsche GAP can help put Retail Contract deficiencies and insurance deductibles behind you in the event of a total loss.¹How GAP protects your investment Here is an example of how Porsche GAP might cover a vehicle declared a total loss:
The example above is for illustrative purposes only. The actual Waiver Benefit calculations may vary based on your specific circumstances and may be denied. Primary insurance deductible coverage is available up to $1,500. Please refer to your Addendum for a complete list of benefits, exclusions and limitations.
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