Guaranteed Asset Protection (GAP)

GAP is a voluntary, non-insurance product designed to protect you when you need it most. It may cover all or a portion of the difference between your vehicle loan payoff amount and its actual cash value up to a certain loan-to-value (LTV) maximum. GAP is available for the following GNCU loans (limitations and exclusions do apply, including but not limited to the LTV maximum):

• Auto Loans
• Recreational Vehicle (RV) Loans
• Powersports Loans

You can add GAP when you open a new loan or afterward. Additionally, GAP Advantage offers a $1,000 credit toward financing a replacement vehicle when you finance it through GNCU!

If your vehicle is totaled or stolen, your insurance will only pay the current market value, which may be less than what you owe on your loan. GAP may cover the difference between your loan balance and the actual cash value (ACV) of your vehicle, up to a certain loan-to-value (LTV) maximum. Plus, GAP may cover up to $1,000 of your deductible if there’s a remaining balance after your insurance payout, helping you avoid extra costs.

Real-World Example 

• Your loan balance is: $15,000
• Your insurance company settlement is: $10,000
  • Based on your vehicle’s market value: $11,000
  • Less your insurance deductible: $1,000
• Loan balance remaining without protection: $5,000
• Loan balance remaining with protections: $0

With GAP, you can drive with confidence knowing that if the unexpected happens, we’ve got you covered, helping you avoid financial stress.