GAP Plus

Will you owe more on your vehicle loan than your vehicle is worth?
A wrecked vehicle can wreck your finances if you owe more on your loan than your insurance will pay.

GAP Plus is like an airbag for your vehicle loan. Guaranteed Asset Protection (GAP) Plus can help fill the gap between what your vehicle insurance will pay and what you owe on your loan, to cushion you against sudden out of pocket expenses if your vehicle is deemed a total loss. GAP Plus may cancel part of your next loan with your credit union, when you purchase a replacement vehicle. GAP Plus can help lighten the financial burden for you and the people you care about.

GAP with Deductible Insurance

  • Deductible assistance is an additional component of GAP.
  • Deductible assistance applies to motor vehicles insured under your individual primary auto insurance policy.
  • Deductible assistance cancels part of your debt when a comprehensive or collision claim is paid through your primary auto insurance and a deductible is incurred.
  • Actual loss must result in a paid claim that exceeds the deductible amount on your primary auto insurance policy.
  • Primary auto insurance policy must be in force at the time of the loss.
  • Allows up to 2 non-totaled occurrences protected per 12 month period.


Contact Us to purchase GAP PLUS today.

Your purchase of MEMBER’S CHOICE ™ Guaranteed Asset Protection (GAP) is optional and will not affect your application for credit or the terms of any credit agreement you have with us. Certain eligibility requirements, conditions, and exclusions may apply. You will receive the contract be- fore you are required to pay for GAP. You should carefully read the contract for a full explanation of the terms. If you choose GAP, adding the GAP fee to your loan amount will increase the cost of GAP. You may cancel GAP at any time. If you cancel GAP within 90 days you will receive a full refund of any fee paid.