Before you sign for an auto loan, your loan officer will ask if you would like to purchase GAP insurance. Guaranteed Asset Protection Insurance is used in the event your vehicle is deemed a total loss by your insurance company and you owe more than the insurance company payout. GAP insurance will protect you—the borrower—by paying the difference between the actual cash value of your vehicle after the accident and the outstanding loan balance.
Bridging the Gap
A Guaranteed Asset Protection Insurance policy through Greater Niagara FCU protects your significant investment so you can rest easy. Our loan officers are prepared to answer any and all of your questions, including rates, premiums, coverages, and more. Let’s bridge the greater insurance gap together.