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H&H Federal Credit Union now offers
what car dealerships have been able to offer for years
GAP Coverage.
What is GAP Coverage?
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GAP is Guaranteed Asset Protection and it could save
you thousands of dollars.
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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?
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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.
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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?
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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.
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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
Calculator
Click
on the Guaranteed Asset Protection tab
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