On Track Gap Protection Plus

ON TRACK FINANCIAL SOLUTIONS LTD. is Canada’s leading provider of Gap Protection Plus products. Gap Protection Plus is a special type of warranty that protects you in case of theft, write-off or total loss of your vehicle.

What is Gap Protection Plus and why do you need it?

Think your primary insurance company will look after you when your vehicle is written off from a bad accident or stolen? Think again!
In the event of a total loss of your vehicle, insurance companies will generally only reimburse you for the “book value” of your vehicle - not the amount you still owe on your loan. What usually results is a “gap” – money that you will have to pay out of pocket, even if the accident wasn’t your fault!

Gap is designed to relieve you of the responsibility of this “gap”. Purchased when you buy your car, GAP will make up the shortfall if your vehicle is ever written off due to an accident or theft. Gap gives you the protection you need when your insurance leaves you stranded.