GAP Waiver

In the case of a total loss, automobile insurance typically covers only the cash or market value of the vehicle.
In many cases, this amount is significantly less than the amount the customer owes the finance company on the
retail installment contract. This results in a financial gap. Compass GAP helps protect the customer in this instance.

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Features & Benefits

  • In the event of a total loss to the covered vehicle, Compass GAP is designed to waive the difference between the customer’s vehicle’s cash value (as determined by the primary insurer) and the balance of the customer vehicle finance agreement.
  • “Settlement” coverage, which provides more benefit to the customer by using the primary insurance company’s actual cash value rather than the “book value” when determining total loss waiver benefit.
  • Waives up to $1,000 of the customer’s primary insurance deductible.
  • No mileage limitations.


Headquartered just outside of Chicago, Illinois, AGWS is an innovative provider of administration services for Agents and Dealers offering vehicle protection products, limited warranties, and a variety of environmental and aftermarket products across the United States. Since its inception in 1998, the goals of AGWS are to offer superior claim processing, exceptional customer service, and unrivaled profitability options. Products are insured by “A” or “A-” (Excellent) rated carriers. AGWS is part of the American Guardian Group of Companies and enjoys an A+ rating with the Better Business Bureau.




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