Guaranteed Asset Protection Plus

Guaranteed Asset Protection (GAP) Plus

Think of it as your financial airbag—three layers of protection for life’s unexpected twists and turns.

What does your car insurance really cover?

If your car, motorcycle or other vehicle is totaled or stolen and not recovered, you’re still responsible for paying off your loan, even if insurance only covers the fair market value. That difference between what your insurance pays and what you still owe? That’s the “gap.”

Guaranteed Asset Protection (GAP) helps cover that remaining balance, so you’re not left paying out of pocket for a vehicle you no longer drive.

GAP Plus with Deductible Assistance goes even further:

Get $1,000 toward your next auto loan with All In Credit Union if your vehicle is totaled.
If your vehicle is damaged (but not totaled) and repairs exceed your insurance deductible, that deductible amount is applied to your loan, reducing what you owe.

Is GAP Plus right for you?

GAP Plus with Deductible Assistance¹ could be a smart choice if:

You made little or no down payment on your loan
Your vehicle depreciates quickly
You drive more than 15,000 miles a year
Your loan term is five years or longer

Disclosures

¹GAP, which includes deductible assistance, is not insurance; it is an optional debt cancellation product. GAP 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. You will receive the contract before you are required to pay for GAP. You should carefully read the contract for a full explanation of the terms. If you choose GAP, adding the GAP Fee to the amount ﬁnanced under your contract will increase the cost of GAP. You may cancel GAP at any time. If you cancel GAP within 90 days you will receive a full refund of any fee paid.

GAP purchased from state-chartered credit unions in FL, GA, IA, IN, UT, VT, and WI may be with or without a refund provision. Prices of the refundable and non-refundable products are likely to differ. If you purchase a refundable product, you may cancel at any time during the loan and receive a refund of the unearned fee.

GAP purchased from state-chartered credit unions in CO, MO, or SC may be canceled at any time during the loan and receive a refund of the unearned fee.