If your Mercedes-Benz vehicle is stolen or declared a total loss in an accident, there can be a significant difference between the amount your insurance company will cover and the balance owed to Mercedes-Benz Financial ServicesDisclaimer^[5]. First Class Guaranteed Auto Protection helps cover this difference, and with it you may also be reimbursed for the out-of-pocket cost of your insurance deductible, up to $1,000 where allowable by state law.

Consider this scenario: You purchase a $60,000 Mercedes-Benz vehicle. Seven months later, you get into an accident that totals your car.

$55,000  (Finance contract payoff)

 -$50,000  (Insured amount)

    $5,000  (The gap)

  +$1,000  (Insurance deductible)

    $6,000  (Potential out-of-pocket expense)

   -$6,000  (Covered by First Class Guaranteed Auto Protection)

           $0  (Amount you owe)

In this scenario, the entire difference is covered by First Class GAP.