Guaranteed Asset Protection Advantage (GAP) is an optional, non-insurance loan protection product that helps waive the difference between your insurance settlement and your remaining loan balance if your vehicle is declared a total loss. It may also cover your insurance deductible up to $1,000, if a deficiency balance remains, and can provide up to a $1,000 credit toward financing a replacement vehicle through the credit union.
One important note: GAP Advantage is not insurance. It is a separate, non-insurance loan protection product designed to help reduce what you may still owe after a total loss.
