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Guaranteed Asset Protection Insurance (GAP)

Designed to cover your unpaid auto loan balance in the event your vehicle is stolen or damaged beyond repair in an accident.

 
 
  • Competitively priced, must-have protection for members who finance their new or used auto, at only $395
  • 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

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

Add GAP up to one year after your Island auto loan is funded. Simply 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