Guaranteed Asset Protection (GAP) provides additional coverage above and beyond auto protection. If your vehicle is stolen or totaled, the majority of insurance companies will only pay up to the book value of the vehicle, leaving you to pay the difference. GAP would cover that difference: between what the insurance company pays toward the loan, what is left of the loan balance, and the deductible up to $1,000. GAP through the Credit Union also provides $1,000 toward the purchase of a replacement vehicle if financed through the Credit Union within 90 days.
For more information, call (865) 544-5400, (800) 467-5427, or visit any branch.