Your car’s value will likely never be as much as the day you drove it off the lot, and in fact, its value will diminish over time. However, what if your vehicle is unfortunately stolen or totaled in an accident? Will your auto insurance settlement, which is based on your car’s current value, be enough to pay off your auto loan?
That’s where Guaranteed Asset Protection (GAP) coverage comes in.* GAP pays the difference between your auto insurance settlement and the amount of your auto loan balance. GAP helps protect your vehicle investment against a possible financial loss.
GAP is available for private passenger cars, vans and light trucks, motorcycles, ATVs, snowmobiles and personal watercraft. Even recreational vehicles are eligible.
You can purchase GAP from Travis Credit Union within 90 days from the date your loan is funded.
Enjoy knowing your auto loan is protected. For more information about GAP, please visit traviscu.org/gap or call our Member Service Center at (800) 877-8328 during normal business hours.
*Your purchase of MEMBER’S CHOICETM Guaranteed Asset Protection Plus is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of MEMBER’S CHOICETM Guaranteed Asset Protection Plus. If you choose GAP Plus, adding the product fee to your loan amount will increase the cost of GAP Plus. OMS #: GPM562 MARKETING#: 10001264-0310