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