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Loan & Asset Protection

Mechanical Breakdown Protection (MBP)

Mechanical Breakdown Protection, also known as MBP, is an optional extended warranty coverage offered as a supplement to your vehicle loan. Drive with the peace of mind knowing that with MBP you have protection against the increasingly high cost of repairs and associated labor costs for mechanical and electrical vehicle failures.

The Benefits of MBP provides:

  • Vehicle Repairs
  • Rental Car Allowance
  • 24/7 Roadside Assistance & Towing
  • Hybrid Battery Coverage
  • $0 Deductible on Repairs
  • Total Loss Refund
  • Available for both New and Used Vehicles

This coverage will protect your vehicle after your warranty has expired. Ask us how you can drive with the proper protection against costly repairs!

Want to discuss? Give us a call at 850.233.4400 to learn more about Mechanical Breakdown Protection (MBP).

Guaranteed Asset Protection (GAP)

Guaranteed Asset Protection, known as GAP, is optional coverage1 for a vehicle loan. This insurance protects your loan from negative equity, in the event of a total loss. Negative equity is when you owe more than what the vehicle’s market value is worth.

GAP is a voluntary, non-insurance product designed to waive the remaining loan balance not covered by the borrower’s primary insurance carrier settlement in the event of a total loss or unrecovered theft.2

The actual cash value of your vehicle as determined by your primary insurance carrier could be less than the actual balance you owe on your loan. In the event of a total loss or theft, GAP waives the difference between your outstanding loan balance and the actual cash value (ACV) of the vehicle up to 125% of the loan-to-value (LTV). GAP may also cover up to $1,000 of your deductible if there is a “gap” after the primary insurance settlement is paid. The deductible is covered as part of the deficiency balance settlement. This product is not available in NY or AK.

GAP Coverage Example:

If your financed vehicle is totaled beyond repair.

Your Vehicle Loan Balance:
Your Insurance Company Settlement:
Remaining Balance:
Total you owe without GAP:
Total you owe with GAP:

Questions about GAP? Give us a call at 850.233.4400 to learn more about Guaranteed Asset Protection (GAP).

Credit Insurance

Credit insurance can help ease financial concerns for you and your family if the unexpected occurs.

If you were to die or become disabled, how long would you and your family be able to pay your bills?

  • More than one-third (35%) of all households would experience adverse financial effects within a month if a primary way wage earner died.3
  • One in four 20-year-olds can expect to miss a year of work due to a disability before retirement.4

Safeguard Your Family—Credit insurance helps meet the gap between the coverage you need and any life or disability insurance you may have.

Credit Life Insurance—Designed to reduce or pay off the insured balance of your loan if you die.

Credit Disability Insurance—Designed to pay your loan payments (up to the contract limit) if you become disabled due to illness or injury and are unable to work.

How You Could Benefit:

  • Protection—Helps reduce the financial burden on your family in the event of your disability or death.
  • Convenience—Done at the time of loan application.

Want to learn more? Give us a call at 850.233.4400 to learn more about Credit Insurance.


Your purchase of GAP is optional. Whether or not you purchase this product will not affect your application for credit or the terms of any existing credit agreement you have with us. We will give you additional information before you are required to pay for GAP. This information will include a copy of the GAP Waiver Addendum which will contain the terms and conditions of GAP benefit.


GAP eligibility requirements, conditions, and exclusions: There are eligibility requirements, conditions and exclusions that could prevent you from receiving GAP benefits. You should carefully read your GAP Waiver Addendum Form for a full explanation of the benefits, rules, terms and conditions of the program. This webpage is not a contract. GAP is a loan/lease deficiency waiver and is not offered as insurance coverage. GAP is subject to limitations and exclusions, including but not limited to a loan-to-value (LTV) maximum.


LIMRA, 2018 Insurance Barometer


Council for Disability Awareness, Disability Statistics, 2018

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