In the event that your car is totaled in an accident, or stolen and unrecoverable, Guaranteed Auto Protection (GAP) will help bridge the gap between the amount your car is worth and the amount you still owe on your loan. GAP also pays your insurance company’s deductible up to your policy maximum.
GAP is a low-cost way to ensure that you won’t be stuck paying for something you no longer own. GAP coverage is available when you apply for your auto loan. For your convenience, the amount can be rolled into your monthly loan payment.
For more information on GAP Protection, contact us or call the credit union at (310) 638-5147 and speak to a Loan Officer.