Coverage Worth the Investment!
Guaranteed Asset Protection (GAP) protects you against financial loss in the event your vehicle is damaged beyond repair (totaled) or stolen and never recovered.
Since a vehicle's value declines as a result of depreciation, the loan balance can be higher than its Actual Cash Value (ACV). Without GAP coverage, you would be responsible for paying the difference between the insurance settlement and the outstanding loan balance. With the purchase of GAP, the deficiency balance may be waived.
Eligible Collateral & Rates
Private passenger autos, vans and light trucks (one ton load capacity and under) that are not used for commercial use.
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Guaranteed Asset Protection is not NCUA insured.