Most insurance policies only cover the value of your vehicle, which declines rapidly during the first few years of ownership. Your loan or lease balance could be higher than the value of your vehicle. This means if your car is stolen or involved in a major accident, you could lose your vehicle entirely and still have to pay the loan!
Protect your vehicle investment with Guaranteed Asset Protection (GAP). GAP protects you and your entire investment from substantial loss. Designed for all drivers, whether you finance or lease a new or used vehicle!
When your loan includes GAP coverage and your vehicle is financed through EMCCU, if a claim is filed and paid, your outstanding loan amount will be paid off and you'll receive $1,000 towards a new vehicle! For the first 24-months from the date of purchase, you can file a claim if you have paid an insurance deductible on any other cars on which you are the registered owner, regardless if the vehicle is financed with EMCCU. GAP covers up to $1,000 in insurance deductibles, unlimited, up to 24-months.
The cost of GAP with our credit union is only $475, while the cost is well over $900 with a dealership!
Call (626) 444-0501 for more information or click below to download our form and email the completed form back to us at