Guaranteed Asset Protection (GAP)

How can these optional products help me?

Mariner makes available a variety of optional products at loan closing to support your individual needs and financial goals. Purchase is always optional and never a condition of getting your loan.

Please note that not all products are available in all states. Optional products are available for purchase in connection with obtaining a loan, but the decision whether to purchase any product will not affect loan eligibility or approval. Prior to deciding whether to buy a product, the cost will be disclosed, and, if purchased, will be financed as part of the loan transaction. Mariner Finance receives a commission in connection with the sale of optional products.

Terms and conditions apply, and coverage is subject to each applicable policy or plan.

Customers may cancel optional products at any time by calling Customer Relations at 844-326-8140, mailing a written request to Mariner Finance, LLC, 8110 Corporate Drive, Nottingham, MD 21236, or emailing a written request to customerrelations@marinerfinance.com. If you cancel within 30 days of the date of loan, the premium or fee charged for the product will be refunded. If you cancel after 30 days from the date of loan, the refund will be the unearned portion of the product premium or fee. The refund will be credited to your account or provided as a check, in accordance with the law. For Tennessee customers who purchased an optional product on or after October 26th, 2026, cancellation within 60 days of the date of the loan will result in a full refund of the premium or fee of the unused product and any interest on that premium or fee. If you cancel after 60 days of the date of the loan, you will receive a refund of the unearned premium or fee and any interest associated with the unearned portion. We will apply any refund to your loan as a credit to reduce the amount you owe, or send you a check if you no longer have an open loan with us.

Guaranteed Asset Protection (GAP)

What is GAP?

GAP is an optional contractual waiver that may reduce or eliminate any remaining loan balance that is not covered by a payment received from the borrower’s primary insurance carrier when the vehicle securing the loan is subject to total loss or theft.

How does it work?

Upon submission and approval of a covered claim, GAP will pay the difference between the borrower’s insurance settlement on his/her vehicle and the outstanding loan balance up to the state-specific coverage maximum. The payment is made directly to the lender and may not cover the full balance of the loan.

Advantages of GAP

• GAP can help pay some or all of the outstanding balance on a loan upon the total loss or theft of a borrower’s vehicle.

Helpful optional product resources

For more detailed information about each of the optional products available, you can download the product brochures shown below. Simply click on any of the linked brochures for more details. You can also always reach out to your local branch with additional questions.