What is GAP Protection and GAP Plus Protection?

GAP coverage is a type of insurance that you can purchase through First Choice Federal Credit Union.

GAP protection is the difference between the actual cash value of a vehicle and the balance still owed on the financing of a car loan. This helps to pay remaining balances you might encounter if in an accident or a theft during the life of the car loan.

The value of vehicles decline rapidly.

If your vehicle is totaled or stolen, this insurance will cover the GAP between when you owe and what is covered by your regular insurance. GAP PLUS Protection we will give you $1,000 off your next financed vehicle through First Choice FCU.

Spread the love