GFA Federal Credit Union

Guaranteed Asset Protection (GAP)

Guaranteed Asset Protection coverage

What is Guaranteed Asset Protection (GAP)?

The second you drive your new car off the lot it drops in value creating a gap in coverage. Guaranteed Asset Protection (GAP) Plus can help fill the gap between what your vehicle insurance will pay and what you owe on your loan, to cushion you against sudden out of pocket expenses if your vehicle is totaled or stolen, along with security plus gap insurance. GAP Plus may cancel part of your next loan with GFA, when you purchase a replacement vehicle. GAP Plus can help lighten the financial burden for you and your family.

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I currently have an auto loan with GFA

Insurance products are not insured by NCUA or any Federal Government Agency; are not a deposit of, or guaranteed by the Credit Union or any Credit Union Affiliate; and may lose value. Any insurance required as a condition of the extension of credit by GFA Federal Credit Union need not be purchased from our Agency but may, without affecting the approval of the application for an extension of credit, be purchased from an agent or insurance company of the customer's choice.