Navistar Financial Corp. is offering a new financial program called “Guaranteed Asset Protection” (GAP) to aid owners of Navistar-branded trucks is case their vehicle is destroyed.

The company said the GAP coverage plan protects customers that suffer a total loss of a vehicle by waiving the difference between the amount owed on the vehicle and the proceeds paid by the customer’s physical damage insurance provider. 

“We’re committed to providing the financing products and services that our customers need to operate their businesses, and GAP is especially valuable in today’s marketplace, where used trucks are valued at relatively low amounts,” said Trish Reed, vp-business operations for Navistar Financial. “GAP coverage helps customers to lower their risk and gain peace of mind in knowing that they are protecting their vehicle investment.”