GAP (Guaranteed Asset Protection)
Most cars depreciate by thousands of dollars as soon as they are purchased. Unfortunately, if your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared a total loss, you are still liable to pay the difference, or the “gap” between your insurer’s settlement and the loan balance.
Our GAP coverage is offered through a highly reputable insurer at half the cost you will pay at a dealership. You can sign up for GAP when you apply for your vehicle loan at Sussex County FCU. If you already have a vehicle loan with us and want GAP coverage, call a Member Service Representative at one of our branches.
Costs for coverage follow:
|Motor Vehicle with GAP+
|Powersport with GAP+
|RV with GAP+
|Watercraft with GAP+
Cost may change. Please call for current cost. Coverage is only available on loans with Sussex County Federal Credit Union.