H-D™ GUARANTEED ASSET PROTECTION (GAP)
If your Harley-Davidson® motorcycle is stolen and not recovered, chances are you’ll have to pay the “gap” between your insurance company balance and the loan balance. Don’t assume that your primary insurance will cover all losses related to your motorcycle. In many cases, the actual cash value that an insurance company places on your bike may be substantially less than the outstanding balance on your loan. Who pays the difference or the “gap” between your insurance company and your loan payoff? You do!
Harley-Davidson GAP pays the difference between the fair market value of your vehicle and the outstanding balance of your loan on the date of loss up to $35,000*. Plus, your insurance deductible may be covered up to $1,000. With your loan balance paid in full and your deductible covered, you can move on to purchasing a new motorcycle.