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Home > Loans & Insurance> Additional Services> Guaranteed Asset Protection (GAP)

Guaranteed Asset Protection (GAP)

Who needs Guaranteed Asset Protection (GAP)? You do, if you're the owner of a car, light truck, motorcycle, or other selected power sports equipment (ATVs, snowmobiles, and some personal watercraft). GAP coverage provides you with peace of mind if your vehicle is ever stolen and not recovered or damaged beyond repair for any insured reason, during the term of your loan program.

GAP may help pay the difference between a vehicle's actual cash value and the member's loan balance. Setting yourself on the right path to peace of mind begins with GAP coverage!

Coverage and Benefits

  • Maximum claim benefit - $50,000
  • Primary insurance deductibles covered up to $1,000 if a GAP claim is processed
  • Loan term coverage up to 72 months
  • Coverage can be included in monthly loan payment
  • 90-day free look-cancel options

RVs and boats are not eligible for GAP Insurance

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