What happens if your bike is stolen, or totaled in an accident? If you have a loan for the motorcycle, you are still responsible for the balance of the loan. GAP protection is available for this exact situation. GAP protection would make up the difference between what your insurance company says your bike is worth, and what you actually owe! In addition, it will also reimburse you for any insurance deductible you may have! For example, let's say your bike is totaled in an accident, and you still owe $20,000 on the loan, but your insurance company says your bike is only worth $14,000. GAP protection would make up the $6,000 difference between what you still owe on the motorcycle versus what your insurance company gave you a check for, and will also reimburse your insurance deductible.