There could be a big difference between what your automobile insurance will pay and what you owe on your loan. Most cars depreciate by thousands of dollars as soon as they are purchased. And if your car is stolen, accidentally damaged beyond repair, or otherwise declared a total loss, you are still liable to pay the difference, or the "gap" between your insurer’s settlement and your loan balance. Without protection, that "gap" in cost will come out of your pocket!
GUARANTEED AUTO PROTECTION, or GAP is low-cost coverage that pays the potentially high-cost difference between your insurance settlement and your loan balance on items directly related to the purchase of your vehicle.*
You can sign up for GAP when you finance your vehicle with Artesia Credit Union. For your convenience, the amount of your GAP can be easily rolled right into your monthly loan payment.