H&H Federal Credit Union now offers what car dealerships have been able to offer for years -- GAP Coverage.

What is GAP Coverage?

GAP is Guaranteed Asset Protection and it could save you thousands of dollars.

Most cars depreciate by thousands of dollars as soon as they are purchased.  What happens if your car is stolen, damaged beyond repair, or for whatever reason, declared a total loss?  You are still responsible for the remaining difference on your loan that the insurance may not have paid off or the "gap" between the vehicle's depreciated value and the loan balance.

GAP is low-cost coverage that pays the potentially high-cost difference between your insurance settlement and your loan balance on items directly related to the purchase of your vehicle.

Who needs GAP Coverage?

Anyone who buys an auto, boat, or RV and who has the potential of having an accident or having the vehicle become stolen or become a total loss in any way.

For more information or to look at a calculator to see if GAP coverage may be right for you, visit our Member Choice site through CUNA Mutual.

GAP