Guaranteed Auto Protection (GAP) is a loan balance deficiency waiver designed to eliminate your unpaid net loan balance in the event your vehicle is stolen or damaged beyond repair (totaled). The GAP waiver relieves you of the responsibility for the remainder of the loan balance that the proceeds from your primary insurance policy or any
applicable third party insurance policy does not cover.
Benefits to borrower include:
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Eliminates out-of-pocket expense for remaining loan balance after loss settlement |
|
Helps protect credit rating |
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Helps borrower to purchase replacement vehicle |
Our GAP program is priced considerably lower than policies offered at most car dealerships. For more information,
e-mail a Member Service Consultant or call (206) 382-7000
or 1-800-732-9300.