Guaranteed Asset Protection (GAP)
If you should happen to be involved in an accident and your vehicle is deemed a total loss, GAP covers the difference between your outstanding loan balance and the actual cash value of the vehicle (insurance company settlement). In addition to eliminating your out-of-pocket expense for your remaining loan balance, Gap:
- Helps you avoid financial hardship and afford a replacement vehicle
- Prevents the deficiency balance from being added to a new loan
- Helps protect your credit rating
- Provides low cost protection, with a 60-day free look
Debt Payment Protection (DPP)
Debt Payment Protection is a low cost, optional product that can make a payment to the Credit Union to reduce or payoff a loan if you are totally disabled by a covered sickness or accident. Products are available to relieve financial pressure in the event of death, disability, or involuntary unemployment.
Contact one of our Member Advisors for more information regarding these products!
