Guaranteed Auto Protection Plus

Porsche Guaranteed Auto Protection (GAP) Plus

Coverage in case of a total loss.
What is GAP Plus?
In the event your Porsche is declared a total loss due to an accident, theft, or natural disaster, your insurance company might reimburse you only for your vehicle’s assessed value. As a result, there could be a significant gap between what your insurer pays and the balance you owe on your Retail Contract plus your insurance deductible.

Porsche Guaranteed Auto Protection (GAP) Plus safeguards you by waiving the difference between your primary insurance settlement and the outstanding balance on your vehicle’s financing.

Available on new, pre-owned, and Porsche Approved Certified Pre-Owned vehicles on Porsche Financial Services Retail Installment Sale Contracts at the time of vehicle purchase only.

Considering the risks associated with theft, collision, and natural disasters, Porsche GAP Plus can help put Retail Contract deficiencies and insurance deductibles behind you in the event of a total loss.18

How GAP Plus protects your investment.
Here is an example of how Porsche GAP Plus might cover a vehicle declared a total loss:

Outstanding Retail Contract balance $75,000
Insurance assessment of vehicle’s Actual Cash19 - $66,500

Amount you owe = $8,500
Primary Insurance deductible20 + $1,500

Your potential expense $10,000
Waived by GAP - $10,000

Amount You Owe $0
GAP Plus Benefit + $1,000

This example is for illustrative purposes only. Actual calculation and dollar amounts may vary, including outstanding Retail Contract balance, insurance assessment of vehicle’s Actual Cash Value, and the deductible amount. Please refer to your GAP Waiver Addendum for a complete list of benefits, exclusions, and limitations.

Coverage information:

    • Waives covered losses up to $50,000
    • Includes coverage for your insurance deductible up to $1,50020
    • Covers Retail Contract balance/amount financed up to 150% of the vehicle's MSRP/NADA value
    • Available on Retail Contract terms up to 84 months
    • Transferable for a fee if you sell your vehicle to a private party21
    • GAP Plus benefit of a $1,000 credit towards the purchase of a replacement vehicle at the authorized selling dealer22

Coverage exclusions may apply:23

    • Any amount or term exceeding the program maximums
    • The following deductions taken by the primary insurer: prior damage, salvage, missing items, excess towing, custom equipment, and storage
    • Total losses resulting from the customer’s dishonest, fraudulent, or illegal acts (such as DUI), or those committed by the customer’s family member or other person acting under the customer’s authority
    • Vehicles used for competitive driving, racing, or a prohibited commercial purpose
    • Leased vehicles or Balloon loans

18 Please refer to your GAP Plus Waiver Addendum for details. Programs vary by state. Maximum eligibility limits and certain exclusions apply. Note that you remain responsible for any past-due payments, late fees, and other charges on your Retail Contract.
19 Vehicle’s current value as determined by your insurance company. In certain instances, the Actual Cash Value will be based on a regionally used and industry-accepted source.
20 Deductible coverage is not available in all states.
21 Porsche Guaranteed Auto Protection is transferable within 30 days of the assumption of the vehicle retail contract. Please see your Addendum for complete transfer and cancellation rules, including state-specific transfer and cancellation rules.
22 The GAP Plus Benefit is valid only at your authorized selling dealer in the form of a $1,000 credit toward the purchase/lease of a replacement vehicle after a Waiver Benefit has been approved. Please see your Addendum for details.
23 Additional exclusions may apply. Please see your GAP Plus Waiver Addendum for specific coverage details, including limitations and a complete list of exclusions.