GAP Plus Insurance

 
 

Guaranteed Asset Protection (GAP) Plus

Don’t let a wrecked car wreck your finances! If your vehicle is totaled or stolen, your auto insurance might not cover everything you owe on your loan. That’s where GAP Protection comes in, filling the gap between your insurance payout and your remaining loan balance, saving you from unexpected out-of-pocket costs that could reach thousands of dollars.

Why GAP Plus with Deductible Assistance?

  • Covers the difference between your loan balance and insurance payout

  • Helps protect you from financial hardship after a total loss or theft

  • Includes Deductible Assistance for added peace of mind

  • Essential protection that lets you drive with confidence

Fair market value doesn’t always feel fair, but with GAP, you’re covered. Talk to us today about adding GAP Plus to your loan and protect yourself from costly surprises. Drive smart. Drive protected.

 

Disclosure:

Your purchase of MEMBER’S CHOICE Guaranteed Asset Protection (GAP) is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative or refer to the GAP Waiver Agreement for a full explanation of the terms of GAP. If you choose GAP, adding the product fee to your loan amount will increase the cost of GAP. You may cancel the protection at any time. If you cancel protection within 90 days you will receive a full refund of any fee paid. You will receive additional information before you are required to pay the fee for this product.

State chartered credit unions in FL, GA, IA, RI, UT, VT, WI may choose GAP with or without a refund provision. Prices of the refundable and non-refundable products are likely to differ. If you choose a refundable product, you may cancel at any time during the loan and receive a refund of the unearned fee calculated by the actuarial method.