Goetz Credit Union

Protection PlansProtection Plans


Guaranteed Asset Protection (GAP)

If your vehicle is stolen or damaged beyond repair, your insurance company may only pay what the vehicle is worth -- which is often less than what you owe on your loan. Guaranteed Asset Protection helps by cancelling the difference between the vehicle’s value and the balance of your loan. Protect yourself against the unexpected with GAP. In addition, it will cancel the first $1,000 of your next loan with us when you purchase a replacement vehicle within 120 days of your primary insurance settlement.