Loan Protection

Guaranteed Asset Protection

GAP Plus can help fill the gap between what your vehicle insurance will pay and what you owe on your loan, to cushion you against sudden out of pocket expenses if your vehicle is deemed a total loss.  You can sign up for GAP when you apply for your auto loan.  The cost can be rolled into your monthly loan payment. 

  • Deductible assistance is an additional component of GAP.  Deductible assistance applies to motor vehicles insured under your individual primary auto insurance policy.  Deductible assistance cancels part of your debt when a comprehensive or collision claim is paid through your primary auto insurance and a deductible is incurred.  Primary auto insurance policy must be in force at the time of the loss.  This allows up to 2 non-totaled occurrences protected for a 12 month period.
  • Your purchase of Guaranteed Asset Protection, which included deductible assistance, is optional and will not affect your application for credit or the terms of any credit agreement you have with Us.  Certain eligibility requirements, conditions, and exclusions may apply.  GAP may be canceled at any time during the loan and receive a refund of the unearned fee.

Credit Life and Disability Insurance

An unexpected disability or death can affect your household’s income level and change your family’s standard of living in an instant, making household financial commitments difficult to meet.

  • Credit Disability Insurance pays your monthly loan payments until you’re no longer disabled, your loan is paid, or you reach the policy maximum*. 
  •  Credit Life Insurance reduces or pays in full your loan balance should you pass away and the claim is payable.

Covered loan payments are subject to the terms and conditions of the policy