Protect your auto investment …with Guaranteed Auto Protection
Did you know that if your vehicle were to be stolen or damaged beyond repair (totaled), your insurance company may not payoff the entire loan balance?
That’s because your insurance company settlement is based on the vehicle’s actual cash value. And because of the way vehicle values decline, the outstanding loan balance is usually higher than the actual cash value. You could end up paying off a loan balance for a vehicle you can no longer drive!
Guaranteed Auto Protection (GAP) is designed to eliminate your unpaid auto loan balance in the event your vehicle is totaled or stolen, GAP supplements, but does not replace, your primary auto insurance coverage.
GAP is designed for all drivers, whether you finance a new or used vehicle. It may even cover your insurance deductible – up to $1,000 – as part of your claim settlement. And, the cost of GAP can be financed with your loan.
GAP will also give you $1,000 towards your replacement vehicle, financed at the credit union
For more information, please stop by or call us at (508) 853-9966.