Guaranteed Asset Protection (GAP)

Accidents Happen, Be Prepared

The expense of repairing a vehicle continues to rise with advancements in technology and increased parts and labor costs. This has led to an upward trend in accident claims resulting in a total loss. Let us help protect you from coming out of pocket.

young couple in a car driving with the windows down

The value of new and used cars depreciates at a much faster rate than people often realize. That's why we offer Guaranteed Asset Protection (GAP) to help protect the part of your investment that may not be covered by your auto insurance.*

Since most insurance companies only cover the actual cash value of a vehicle, Delta Community offers GAP on your Car Loan. This type of protection covers the "gap" by paying the difference between your loan balance and the amount your insurance company would pay to replace your vehicle in the event of a total loss or unrecovered theft. Unlike most GAP agreements, we cover your insurance deductible up to $1,000.

Features and Benefits

  • Covers up to $1,000 of your auto insurance deductible in the settlement
  • Covers total loss and unrecovered theft
  • Two low-cost options (refundable and non-refundable)
  • Flexible financing

Guaranteed Asset Protection can only be purchased at the time of financing with Delta Community. When you're in the market for a car loan, call us at 800-544-3328 to learn more about GAP.

*Guaranteed Asset Protection, or GAP, is collateral value protection offered by Delta Community Credit Union. Enrollment in this collateral value protection is voluntary and not required to obtain the loan. A single pay feature may be available. Additional disclosures will be provided describing terms, conditions, refunds and cancellations prior to fee payment. Please contact a Delta Community Loan Consultant for additional information on benefit maximums, eligibility, limitations and a copy of your contract.