What is GAP?
In the event your vehicle is stolen or totaled, the settlement you receive from your auto insurance may be substantially less than the amount you owe on your loan. Guaranteed Asset Protection, or GAP, covers the difference between what your insurance pays and what you still owe on your loan in eligible events.
For example, if your vehicle is totaled or stolen and you still owe $10,000 on your loan, but your auto insurance determines the vehicle’s actual cash value is $5,000, GAP coverage can help pay the $5,000 difference between the insurance payout and your remaining loan balance.†skip to disclosure
GAP may also cover up to $1,000 of your insurance deductible if there is a "gap" after the primary insurance settlement is paid.
Receive up to $1,000 towards the financing of a replacement vehicle.
GAP Advantage provides you with $1,000 towards the financing of a replacement vehicle and is included with every policy. To receive the $1,000 there must be a qualifying total loss and a new loan must be made for the replacement vehicle with 90 days from your insurance settlement date.
Is GAP right for me?
GAP coverage may be a smart choice if:
Get a free GAP quote.
Fill out the form or call 1-800-323-2611 to be connected with a team member in Consumer Lending.
GAP Frequently Asked Questions
No. GAP can only cover your vehicle financed with DuPage Credit Union. Contact us to refinance your vehicle and purchase GAP.
Our pricing is generally substantially lower than what auto dealers typically charge, and we offer additional benefits like GAP Advantage that provide members with $1,000 towards the financing of a replacement vehicle.
No, GAP does not require you to have a deductible. Your GAP policy may have maximum coverage limits and eligibility requirements. See your policy for full details.
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GAP is provided by Allied Solutions. GAP claim and final coverage determination is made at the time of the total loss claim. We cannot and do not guarantee coverage examples applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. Your purchase of GAP is optional and will not affect your application for credit. Eligibility requirements, conditions, and exclusions apply. Refer to the actual GAP policy for full details.
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DuPage Credit Union is in no way responsible for the insurance or investment products provided through this program. Insurance and Investment products offered by third party are not DuPage Credit Union deposit products or services and are not federally insured, have no credit union guarantee, and may lose value. Information provided through DuPage Credit Union does not serve, either directly or indirectly, as legal, financial, or tax advice. Always consult a qualified legal, financial, and/or tax advisor when making decisions related to your individual situation.
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