TEMPORARY SERVICE INTERRUPTION
GHFCU Members may experience a temporary service interruption during the weekend of March 30-31 while we perform system updates. Please be aware of this and plan accordingly.
WELCOME GPA CU MEMBERS!
We are eager to serve you, for more information pertaining to the merge and your accounts, please click here.
GHFCU COLLEGE SCHOLARSHIP APPLICATIONS ARE NOW OPEN
Our 2024 scholarship application is now open through April 15th, 2024, for high school seniors! Take a look at the requirements here.
Routing Number: 261271694
Scroll Up Scroll down
Home
Search
Call GHFCU
Hours
Find ATM
Sign-in to Your GHFCU Account

Guaranteed Asset Protection

3

Because Most Insurance Policies Only Cover the Value of Your Vehicle, Your Loan Balance Could Be Higher Than Your Vehicle’s Value.

Because most insurance policies only cover the value of your vehicle, your loan balance could be higher than your vehicle’s value.

GAP coverage goes into effect in the event your vehicle is totaled or stolen. Our Guaranteed Asset Protection program pays the difference between the outstanding loan balance and the actual value of the vehicle, less certain deductions.

What Does GAP Cover?

GAP was designed for all drivers, whether you finance a new or used vehicle. It covers automobiles, vans, light trucks, motorcycles, boats, travel trailers, motor homes, golf carts, jet skis, and almost any other vehicle*.

GAP covers the difference between your primary carrier’s insurance settlement and the amount of your loan, less delinquent payments, late charges, refundable service warranty contracts, and other insurance-related charges. Included in this difference is your insurance deductible, which is limited to $1,000**.

The purchase of Guaranteed Asset Protection is voluntary and cannot be required as a condition of credit approval. Guaranteed Asset Protection is a loan deficiency waiver and is not offered as insurance coverage.

(*Consult your financing representative to determine if all the above vehicle types are eligible for these benefits. **Deductible coverage is available in most, but not all, states.)

Skip to content