When a vehicle is stolen or damaged beyond repair and declared a total loss by the primary insurance company, the cash settlement may not be sufficient to cover what is still owed on the loan. Often, this “short fall” represents thousands of dollars that is still owed by the member.

GAP coverage, purchased at the time the vehicle is financed, pays the difference between the insurance settlement, and the amount still owed on the loan. This protection offers peace of mind during a difficult situation. For more information, call us today at 281.398.9900 / 800.753.2428.