Guaranteed Asset Protection

You could lose more than your vehicle if it is stolen or involved in a major accident.  You could lose your investment.  Because most insurance policies only cover the value of your vehicle - something that declines rapidly in the first few years of ownership - your loan balance could be higher than the value of your vehicle.  This is called being "upside down."

Guaranteed Asset Protection (GAP) can protect you from this "gap." GAP is available for all drivers whether you are financing a car, van, light truck, motorcycle, boat, trailer, motor home, golf cart, jet ski, snowmobile - almost any vehicle you can think of, it's eligible.

GAP covers the difference between your carrier insurance settlement and the payoff of your loan (including delinquent payments, late charges etc). Included in this difference is your insurance deductible, up to $1000!
The cost of coverage can more than pay for itself with a single loss.

Ready to apply? Have more questions? Just ask.  We'll answer.

Insurance products are not deposit products. Insurance products are not insured by the NCUA or by any Federal Government Agency. Insurance products are not guaranteed by One Credit Union. Insurance products may go down in value.