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Guaranteed Auto Protection (GAP)

Because accidents and theft can happen.

Apply Now

Or call 1-800-621-2105

Guaranteed Auto Protection (GAP)

KEY BENEFITS

  • Guaranteed Auto Protection, also know as GAP
  • Low-cost protection with a 60-day, free look
  • Protection provided for the term of the loan — up to 90 months
  • Covers primary insurance deductible up to $1,000 (not available in all states)
  • No model, mileage, or year restrictions
  • Eliminates the out-of-pocket expense for the remaining loan balance after loss settlement

 

Call 1-800-621-2105, ext 1, to apply for Guaranteed Auto Protection.

Questions?

Our experienced, helpful member service team is ready to support you!

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What is Guaranteed Auto Protection?

 

Are you financing or leasing your car, boat, RV, motorcycle or ATV? Did you know that if it's totaled or stolen, you could face a financial risk that your auto insurance policy may not cover? Guaranteed Auto Protection (GAP) coverage protects you against this risk. 

In the event your vehicle is totaled or stolen, your primary insurance company settlement can be significantly less than the outstanding loan or lease balance. This may create a deficiency balance or a "gap" resulting in a serious financial hardship for you. Not only do you need to finance a loan for a replacement vehicle, but you would also have to pay off the deficiency on your current loan. GAP covers the loan balance that your primary insurance carrier did not cover.

What is the "GAP" on your vehicle? You may be surprised at the answer!

 

GAP Advantage Keeps You in the Driver’s Seat

 

GAP Advantage gives you further peace of mind. If the vehicle you are now purchasing ever becomes "totaled" or is stolen and not recovered, GAP Advantage pays an additional $1,000.00 toward the purchase or lease of a replacement vehicle. Not only will you receive the difference between the value of your vehicle and its unpaid loan or lease balance, you also get a head start on financing or leasing a new or used replacement vehicle when you refinance or lease through the same financial institution.

Frequently Asked Questions

 

Q: What is Guaranteed Auto Protection (GAP)?

A: In the event your vehicle is totaled or stolen, your primary insurance company settlement can be significantly less than the outstanding loan or lease balance. This may create a deficiency balance or a "gap" resulting in a serious financial hardship for you. Not only do you need to finance a loan for a replacement vehicle, but you would also have to pay off the deficiency on your current loan. GAP covers the loan balance that your primary insurance carrier did not cover.

 

Q: Do I get credit if the payoff balance is less than the GAP insurance is willing to pay?

A: Yes, any balance owed to you will be deposited to your savings account.

 

Q: Can I buy this same type of coverage through my dealer?

A: Yes, you can. But you will find GAP rates sold through dealerships much higher in most cases.

 

Q: How do I pay for the GAP coverage?

A: Normally, GAP is financed in with your loan. You may be able to pay the full GAP fee upfront in one payment.

How to Get Started

 

You can apply online for an instant quote for Guaranteed Auto Protection in as little as 15 minutes! Or call 1-800-621-2105 to get started.

What you’ll need to apply:

  • Your government-issued ID (driver’s license, state ID or passport)
  • Proof of residence
  • Information on the loan you used to purchase the vehicle, if applicable

What to expect during the application process:

  1. We’ll contact you within 1 business day after you submit your application to review documentation that we’ll need from you and answer questions you may have.
  2. We’ll follow up for details about your vehicle if not provided on the application.
  3. We’ll contact you to sign documents if your application is approved.
  4. That’s it – you are protected with GAP!