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GAP with DEDUCTIBLE ASSISTANCE : Comprehensive Service for Less Cost 


Guaranteed Asset Protection (GAP) with Deductible Assistance helps protect you against financial loss if their GAP-protected vehicle is stolen or declared a total loss, easing your financial burden by paying the potentially high-cost difference between your primary insurance settlement and your vehicle loan balance on items directly related to the purchase of your vehicle. Also, you can recieve the added protection of having your auto insurance deducible covered up to $500.
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Insurance settlements don’t always cover your loss
How do you know if your vehicle is adequately protected by your primary insurance carrier? Ask yourself the following questions: 

  • After I drive off the auto dealer’s lot, will I owe more on my vehicle than it’s worth? (Vehicles depreciate by thousands of dollars after purchasing.) 

  • Will I put less than 20% down on the purchase of my vehicle? 

  • Answering “yes” to either question means your vehicle may not be completely protected. You could be responsible for paying the difference between your primary insurance settlement (vehicle’s actual cash value) and your loan balance in the event your vehicle is stolen, accidentally damaged beyond repair, or declared a total loss. This could add up to thousands of dollars out of your pocket. You’ll have to pay on a vehicle you no longer drive, plus you still have to purchase a new vehicle. 

    Guaranteed Asset Protection (GAP) helps ease your financial burden by paying the potentially high-cost difference between your insurance settlement and your loan balance on items directly related to the purchase of your vehicle. 

    To add Gap to an existing loan, please call us at 808-73-PHFCU (737-4328). For new loans, GAP can be added during the loan application process. 




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