Guaranteed Asset Protection (GAP) Plus
A wrecked vehicle can wreck your finances if you owe more on your loan than your insurance will pay. The second you drive your new vehicle off the lot, it drops in value, which creates a gap in coverage.
Our Guaranteed Asset Protection (GAP)1 program can help cushion you and your family against sudden out-of-pocket expenses and goes beyond traditional protection.
Here’s how it works: GAP Plus may reduce or eliminate the gap between what your vehicle insurance will pay and what you owe on your loan if your vehicle is deemed a total loss. Plus, it helps you get into your next vehicle by reducing your next loan at the credit union.
Deductible Assistance is additional protection to provide financial relief when your vehicle is damaged, but not deemed a total loss. If repairs cost more than your deductible, the deductible amount is applied to your loan, reducing what you owe.