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Guaranteed Asset Protection

Member’s Choice Guaranteed Asset Protection (GAP) Insurance can help fill the gap between what your vehicle insurance will pay and what you owe on your loan, to cushion you against sudden out-of-pocket expenses.

If your vehicle is totaled your auto insurance may give you a settlement based on the car’s actual cash value (ACV), not what you paid for it. Since cars depreciate in value quickly, your settlement may not cover what you still owe on your auto loan.

Member’s Choice GAP Insurance may pay the difference between the balance of your loan due on a vehicle and what your insurance company pays if the car is considered a covered total loss. Without proper coverage, the gap between what you’ve paid and what you owe can be substantial.

Visit your local branch to learn more how our GAP Insurance can help make sure you’re covered in the event of a loss.

This is general information only. Certain eligibility requirements, conditions, and exclusions may apply. GAP Insurance is not an obligation of Century Federal or guaranteed by Century Federal, even though a Century Federal employee may assist you. Any disputes regarding GAP Insurance must be resolved between the Century Federal member and CUNA Mutual Group.