Guaranteed Asset Protection (GAP) is like an airbag for your
During the first year or two of your vehicle loan payments it is likely that the amount you owe on your
vehicle will exceed your vehicle's value. This value "gap" can cause you financial strain
if your car is stolen or totaled. MEMBER’S CHOICE™ GAP Insurance helps you to "fill the value
gap" by covering this difference.
Ask your Loan Officer about getting MEMBER’S
CHOICE™ GAP Insurance today!
Your purchase of MEMBERS CHOICETM Guaranteed Asset
Protection (GAP) is optional and will not affect your loan 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 your loan amount
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.