FAQs

Talk to a loan officer about adding it to your loan.

The monthly payment will increase about $9–$12 per month.

This product guarantees that their loan balance will be covered (up to 125% LTV) in the event of total loss or theft.

Insurance to cover the gap between the value of a vehicle and the amount insurance pays out in the event of a total loss or theft of a vehicle.

Total Price: $300.00

Anyone with a car loan through the credit union.

This is good for anyone who owns a vehicle because of the many benefits.

Anyone requesting a car loan that is close to retail value or over should have GAP insurance as well.

It is especially good for someone purchasing a vehicle. Dealerships often charge over $500 for GAP, and it is not even as good as ours.

Cars are an important asset to our members—it is how they get to work, take their kids to school, get to doctor’s appointments, and more. Loss of a car can be devastating.

GAP provides peace of mind that in the event of a total loss or vehicle theft, their loan balance will be covered.

Other Benefits

• Pay up to $1,000 toward a new or used car purchase in the event of total loss or vehicle theft
• Up to $500 deductible reimbursement*

* Member must be primary on insurance, can use 3x per year, expires after 3 years.