What is GAP insurance?
Guaranteed Asset Protection insurance, or GAP insurance, is an add-on insurance coverage designed to give you peace of mind.
In the event of an accident, GAP insurance covers the difference between what your insurance company pays and the amount you owe on your auto loan in the event of the total loss of your vehicle. If you have an auto loan with the credit union, you have the option to pay the cost of the GAP insurance policy outright, or, if you prefer, you can include the cost of the policy in your loan payment. We offer GAP insurance through our trusted partner CUNA Mutual.