GAP can help give you peace of mind should your new or used vehicle be stolen or totaled in an accident and your insurance company is offering to settle for less than you owe on your vehicle loan with the credit union. GAP will cover the difference between what the insurance company pays and the outstanding loan balance. GAP will also help cancel $1,000 of your new loan with the credit union when you purchase your replacement vehicle and finance your new or used vehicle purchase with the credit union**. GAP can be purchased any time during the life of your auto loan with the credit union and can be cancelled within 90 days of purchase for a full refund. The costs of GAP Protection can be included in the loan amount, so you have no out-of-pocket expenses. Ask a Long Beach City EFCU Financial Services Representative about GAP Protection today!
** Vehicle must be purchases within 60 days after insurance company issues a settlement check.