Guaranteed Asset Protection Insurance (GAP)
Designed to cover your unpaid auto loan balance in the event your vehicle is stolen or damaged beyond repair.
- Must-have protection for members who financed 80% or more of their auto purchase
- Protects your credit rating
- Mitigates out-of-pocket expenses for the remaining loan balance after loss settlement
- May receive $1,000 towards financing of replacement vehicle
- You may purchase up to one year from effective date of loan
Facts
- When you drive your new car off the dealer's lot, it depreciates 10-15% of its value
- One vehicle is stolen in the U.S. every 27 seconds
- Every year a half million vehicles are totaled due to accident, fire, and theft
Call (800) 848-5654, option 5 | Find a branch
Facts provided by the Highway Traffic Administration, National Insurance Theft Protection, and Auto Theft Information Authority