Does your insurance provider offer all the protection you need if your vehicle is totaled or stolen and not recovered? You could be surprised.
Did you know that new vehicles depreciate, on average, 19% in 1st year.* While auto insurance covers the replacement value of the vehicle, you may be still be liable for the difference between the insurance settlement and their remaining loan balance –
which can amount to thousands of dollars. With vehicle depreciation, loan terms extending, and the cost of repairs rising, there is a chance that a “gap” will occur between your remaining loan balance and your insurance settlement.
Guaranteed Asset Protection (GAP) can help you worry less about how to pay off your loan and replace your vehicle if it’s totaled. Don't be left with only the bill. GAP is available on all most auto and motorcycle loans. Compare pricing when you apply.
*What is the Average Car Depreciation Rate- CarsDirect, May 23, 2016. CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates.
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