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Guaranteed Asset Protection Plus (old page)

Guaranteed Asset Protection Plus Advantage (GAP Advantage) helps you prepare for the unexpected if your vehicle is stolen or damaged:
  • GAP covers vehicles that are declared at total loss or an unrecovered theft
  • GAP may waive up to $1,000 of your deductible if there is a "gap" after the primary insurance settlement is paid
In the event of a total loss, GAP Advantage waives the remaining balance due on your loan or lease after payment from your insurance company
Guaranteed Asset Protection Plus pays off your remaining loan balance (deficiency balance) should your automobile be stolen or damaged and is a total loss. GAP will cover the difference between your loan payoff and your primary insurance company settlement. Primary insurance companies will pay the actual cash value/current market value if the car is totaled in an accident or stolen. Often this amount is less than your loan balance, especially if you are financing 100% of the purchase price or you have a lot of accessories. GAP will pay the difference up to 125% of MSRP so you can start fresh with a new vehicle purchase. You will also receive $1,000 towards the financing of your next auto with PFCU. Dealer GAP policies typically do not offer this added benefit.

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

Insurance 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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