Guaranteed Auto Protection (GAP)

Attention New Car Owners:

After purchasing a new or used vehicle you should consider protecting your investment with (Gap) Guaranteed Auto Protection.

Your new or used vehicle begins depreciating the first two to three years. A significant gap can exist between the amount of money your insurance company will pay and the amount you still owe on your loan balance if your vehicle is totaled or stolen.

Edwards FCU offers low rates for your Guaranteed Auto Protection (Gap)

Onetime fee of $295.00 covers Autos and Motorcycles
Watercraft are covered for same rate up to $30,000
Watercraft over $30,000 and all RVs are eligible for GAP, contact a Loan Officer for rates.

• GAP coverage is available on new and used automobiles, motorcycles, RVs and watercraft..
• GAP will cover loans with terms up to 84 months.
• No separate cash payment is needed; simply add the cost of GAP to your loan.
• Fully cancelable within sixty (60) days.
• 1 Skip-a-Payment per year with a maximum of 2 per loan term will be covered.
• $1000 GAP Plus Benefit - Members are eligible for $1000 towards their next vehicle once the GAP Claim pays and a new car is financed through  Edwards FCU within 90 days of GAP claim being paid..
• Maximum benefit limit of $50,000 to payoff remaining balance per vehicle.

Guaranteed Auto Protection products are administered by State National
MKT-120199-1 RJ CUMK 2006