Guarantee Asset Protection (GAP)

Fill in the Gap on Your Next Vehicle Loan

Would you be able to continue making monthly loan payments on your vehicle if it was stolen or declared a total loss because of an accident? 

Many cars depreciate rapidly and possibly, as soon as they are driven off the lot!

Unfortunately, if your vehicle is stolen or totaled in an accident, you are still liable to pay the difference or “gap” between your primary insurance company settlement and your loan balance. By adding GAP while signing your loan paperwork, you’re helping protect your vehicle investment against a possible financial loss. 

In addition, with GAP Plus, if your vehicle is stolen or totaled in an accident, it will cancel $1,000 of  your next loan with your credit union when you purchase a replacement vehicle within 60 days of your primary insurance settlement.

Help protect the “gap” between the primary insurance settlement and what you may still owe on your vehicle loan. If you cancel protection within 90 days you will receive a full refund of any fee paid. Contact one of our Financial Service Representatives for more details about GAP Protection. 


Your purchase of MEMBER’S CHOICETM Guaranteed Asset Protection (GAP) is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of GAP. If you choose GAP, adding the product fee to your loan amount will increase the cost of GAP. You may cancel the protection at any time. You will receive additional information before you are required to pay the fee for this product. CDCL, GAP-112506.1-0215-0317, © CUNA Mutual Group 2015, All Rights Reserved.