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When life takes an unexpected turn, it's good to know Patelco is there. We offer a variety of loan protection programs so you won't have to worry about loan payments or unnecessary costs when unforeseen situations arise.
In the event of a total loss or unrecovered theft, your insurance company will only pay the actual cash value of your vehicle. Most likely, this amount will be significantly lower than what you still owe on the vehicle. That means you'll be responsible for the remaining balance of your loan or lease AND your insurance policy deductible. GAP Protection takes care of that by paying the difference between the insurance company's settlement and your loan or lease balance. GAP Protection also pays your insurance company's deductible up to your policy maximum. That's a lot of protection for a small cost.
Consult a loan represenatative for details, or call 415.442.6200 or 1.800.358.8228 (outside CA).
GAP Protection is underwritten by State National and can only be purchased at time of loan closing. Some conditions may apply. To sign up for GAP Protection after loan closing, contact Patelco. GAP Protection is not insurance.
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Equal Housing Lender