GUARANTEED ASSET PROTECTION (GAP) INSURANCE

Most cars and trucks depreciate by thousands of dollars as soon as they are purchased.  Unfortunately, if your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared as a total loss, you are still liable to pay the difference, or the "gap," between your insurer's settlement and your loan balance.  That gap will come out of your pocket for a vehicle that is no longer of use.

GAP (Guaranteed Asset Protection) covers:

1)  the difference between your insurance settlement and your loan balance (up to 125% of value)

2)  the insurance deductible up to $1,000

3)   $1,000 toward your down payment of a replacement vehicle (where allowed by law and when financed by your credit union.)  

Click here for Guaranteed Asset Protection (GAP) Calculator 

Current Gap Rates:    $230 for any car or truck (a claim benefit up to $50,000, up to 72 months.)

Boats, Motorcycles & RVs slightly higher

NOTICE:   By Clicking the GAP Calculator Link, you will be  leaving this web site.  The GAP Calculator Link is not operated by this Credit Union; nor does the Credit Union take responsibility for the content of the web site.  Privacy and security policies might differ from those practiced by the credit union.