GAP Auto Coverage
Guaranteed Asset Protection
Owe more on your vehicle loan than your auto insurance will cover?
A wrecked vehicle could wreck your finances. Fair market insurance value isn’t always fair. There may be a GAP. Guaranteed Asset Protection can help fill the gap between what your vehicle insurance will pay and what you owe on your loan, to cushion you against sudden out of pocket expenses if your vehicle is totaled or stolen.
GAP may cancel part of your next loan with your credit union, when you purchase a replacement vehicle. GAP is simple to add and can help lighten the financial burden for you and the people you care about. Get GAP today so you can worry a little less about tomorrow.
GAP disclosures: Your purchase of GAP is optional. Whether or not you purchase this product will not affect your application for credit or the terms of any existing credit agreement you have with us. We will give you additional information before you are required to pay for GAP. This information will include a copy of the GAP Waiver Addendum which will contain the terms and conditions of GAP benefit.
GAP eligibility requirements, conditions, and exclusions: There are eligibility requirements, conditions and exclusions that could prevent you from receiving GAP benefits. You should carefully read your GAP Waiver Addendum Form for a full explanation of the benefits, rules, terms and conditions of the program. This webpage is not a contract. GAP is a loan/lease deficiency waiver and is not offered as insurance coverage. GAP is subject to limitations and exclusions, including but not limited to a loan-to-value (LTV) maximum.
