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Guaranteed Asset Protection Plus

Most insurance companies pay the actual cash value (ACV) of your vehicle in the event of a total loss, but your loan balance could be higher than the ACV. This means you could be left owing a lot of money to pay off the balance of your loan. GAP Advantage is a voluntary, non-insurance program offered as protection to cover or reduce the amount you owe in the event the primary insurance company’s payment leaves you with a deficiency balance on your loan. GAP Advantage also provides you with a $1,000 credit towards the financing of a replacement vehicle.
Guaranteed Asset Protection (GAP) Advantage prepares you for the unexpected:
  • Waives the difference between your primary insurance company’s settlement and the payoff of your loan in the event of a total loss or unrecovered theft*
  • Covers up to $1,000 of your deductible if there is a "gap" after the primary insurance settlement is paid
  • Provides a $1,000 credit toward the financing of a replacement vehicle through Pasadena FCU after a total loss
Note: GAP is not required to obtain an auto loan.

For more information or a quote, please call Pasadena FCU at (626) 799-0882 or (800) 445-PFCU (7328).

*GAP is subject to limitations and exclusions, including a loan-to-value maximum of 125% which may cap the benefit you receive.
Guaranteed Asset Protection products are provided by third parties, are not NCUA/NCUSIF insured, and are not Credit Union guaranteed. Discounts may vary and may not be available in all states.
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