GAP
Guaranteed Asset Protection is coverage you’ll never regret having.
- Goes into effect when your vehicle is stolen and isn’t recovered, or is totaled in an accident and can’t be repaired.
- Designed for all drivers, whether you finance or lease a new or used vehicle.
- Covers automobiles, vans, light trucks, motorcycles, boats, travel trailers, motor homes, golf carts, jet skis, snowmobiles, and almost any other vehicle.
- Covers the difference between your primary carrier insurance settlement and the payoff of your loan or lease if your vehicle is totaled or stolen and you owe more on the vehicle than your insurance company pays out.
- One time cost of $399, regardless of age or price of vehicle. Can be paid upfront or financed into your loan.
- Reimbursement of your deductible up to $500.00 if you have a claim on a covered vehicle, limit of 2-$500 deductible reimbursements per year for 3 years.
- $1,000 credit towards financing your replacement vehicle with MEMBERS1st.
- Can be added to some existing loans, or anytime you get a new titled vehicle loan with MEMBERS1st.