GAP stands for Guaranteed Asset Protection. It's a loan product add-on service that protects against the hardships of your vehicle being stolen or totaled due to an accident. In these unfortunate events, a borrower can sometimes owe significantly more than the value of the vehicle — this is known as the “gap.”
GAP Advantage is designed to cover the difference in the vehicle value and the balance of your loan. In some cases, GAP can even provide an additional $1,000 toward the purchase of a replacement vehicle when your vehicle is totaled and a new loan is opened at Truity Credit Union.
GAP coverage for autos, trucks, SUVs and motorcycles is a one-time cost of $495. Come in or call 800.897.6991 to add it to your loan.
Learn more at : https://www.truitycu.org/gap