Guaranteed Asset Protection (GAP) covers the deficiency balance on your loan in the event of a total loss of your vehicle. GAP insurance coverage may apply if you're underwater on your auto loan (meaning, you owe more than the car is worth) if your vehicle
is stolen or totaled.
Depreciation Protection Waiver (DPW) covers the depreciation of the vehicle. It is a debt cancellation product that in the event of a total loss provides a benefit equal to the difference between NADA Retail value of the vehicle at the time of coverage enrollment and the loan balance
at the time of the total loss.