Guaranteed Auto Protection (GAP)
Protect your auto investment. Guaranteed Auto Protection , or GAP, offers protection against financial liability for individuals who finance a new or used vehicle. GAP protects against financial loss in the event that your vehicle is damaged beyond repair (totaled) or stolen and never recovered.
GAP covers the difference between the market value of your vehicle and the loan/lease balance, less delinquent payments, late charges, refundable service warranty contracts and other insurance related charges. In the event a deficiency exists, our program will cover your insurance deductible, up to $1,000.
|Loan balance after one year
Your vehicle's actual cash value
The gap (Deficit Balance)
If vehicle is totalled you may be able to get $1000.00 toward purchase of replacement vehicle as long as financed with West Virginia Central Credit Union within 60 days of vehicle loss.