The one-time Guaranteed Asset Protection (GAP) cost of $599 may be purchased using several methods. We will contact you with purchase options and a quote before finalizing the request. Coverage will be effective once your paperwork is processed.

We will need to contact you to complete the application, so please make sure you provide your email address and phone number below.

I want GAP. Please contact me to start the process of adding the coverage to my Credit Union loan!

Terms and Conditions: I agree to the terms and conditions defined below: I understand that the purchase of GAP is voluntary and is not required by the Lender to obtain credit. I understand that GAP is not an offer of insurance coverage. I understand that by purchasing GAP for my loan that the Lender waives, in the event of a Total Loss, Constructive Total Loss or Unrecovered Theft, its contractual right to hold me liable for the GAP Amount, subject to provisions and exclusions. I understand the maximum term for this protection shall not exceed 84 months.

“GAP Amount” means the difference between the primary carrier's physical damage insurance payment for a theft or total loss or, if uninsured, the collateral's Actual Cash Value, and the unpaid net balance of the loan. If you are entitled to collect the same from others, including but not limited to, primary and other insurance, or salvage sale, that portion of the payment will not be covered in the GAP settlement. GAP does not cover deductions made by the primary insurance carrier for prior damage that has already been paid to you. Amount waived shall not exceed $50,000 in total, and subject to maximum loan to value ratio of 125% of the Manufacturer's Suggested Retail Price (MSRP) or the National Automobile Dealers Association (NADA) value.

EXCLUSIONS: This GAP Waiver does not apply when the total loss or theft is: (1) resulting directly or indirectly from forgery or any dishonest, fraudulent or criminal act by you; (2) caused intentionally by you; (3) to a vehicle that is part of a fleet that is intended for use as a public or livery conveyance.

NOTICE OF LOSS: You must notify us within 30 days of receiving final settlement from the primary or third party insurance carrier and provide the following: (a) copy of the insurance settlement, (b) verification of the insurance deductible, (c) copy of police report in the case of an unrecovered theft.

*Guaranteed Asset Protection (GAP) underwritten by Balboa Insurance Group, a non-affiliated third-party provider of iTHINK Financial. Click here for details.

$599 price of Guaranteed Asset Protection (GAP) is subject to change.

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