Guaranteed Auto Protection (GAP)
If your vehicle is stolen or damaged and deemed a total loss, you are responsible to pay the difference between what you owe and what your insurance company says your vehicle is worth. GAP can help you cover the difference and potentially save you thousands of dollars.
GAP Plus Program
Our GAP Plus program includes Deductible Assistance which is designed to provide financial relief when your vehicle is damaged but not deemed a total loss. If repairs cost more than your deductible, the deductible amount is applied to your vehicle loan at the credit union, reducing what you owe.
How GAP Insurance could work:
| Your loan/lease payoff: | $20,000 |
| Vehicle value determined primary insurance: | -$16,000 |
| Primary insurance deductible: | -$500 |
| Your responsibility without GAP coverage: | $4,500 |
| GAP will cover: | $4,500 |
What you owe after GAP: | $0 |
*Subject to certain exclusions and benefit limitations.
You may enroll in GAP Plus when you apply for your vehicle loan or by contacting us at 713.778.6300.
Products/Services Offered By Third Parties/Affiliates: Any Guaranteed Auto Protection insurance or extended warranty products or services (“products”) which are provided by third parties or any affiliates are not products of the Credit Union. If the purchase of same is facilitated by or through Credit Union financing; such is a convenience to the borrower(s) and in no way creates any contractual or other relationship between the borrower(s) and the Credit Union with regard to any such products. Any rights, obligations or claims with regard to such products shall be solely and exclusively by and between the party providing such products as may be set forth in any applicable contracts, agreements or otherwise, and the Credit Union shall have no obligations, responsibilities, duties, or liabilities whatsoever regarding same.