GAP provides coverage against financial loss in the event your vehicle is damaged beyond repair or stolen and never recovered. Most insurance policies only cover the value of your vehicle, which rapidly declines during the first few years of ownership.  If your loan balance is higher than the value of your vehicle – it may be your responsibility to pay the difference.

Protect Yourself With Guaranteed Auto Protection (GAP)

• Eliminate or reduce "out of pocket" expenses for the remaining loan balance after loss settlement
  
  
• Purchase a replacement vehicle sooner because there is little or no carry-over balance
  
  
• Protect your credit rating
  
  
• Balance waiver may be fully refunded within 60 days of its inception
  
  
• Purchase GAP up to 1-year from the effective date of the loan

For your convenience, your GAP premium can be added to your loan.

GAP coverage is available on autos, vans, light trucks, motorcycles, boats, travel trailers, motor homes, recreational vehicles and almost any other vehicle.  GAP coverage goes into effect when you need it most.

 

To find out more about GAP coverage, call one of our Loan Officers today at 405.606.OECU