What is GAP Coverage?

GAP Coverage helps you avoid the situation where your car is totaled or stolen, and your insurance coverage doesn’t cover the full cost.

In this situation, many insurance companies only pay the ‘Actual Cash Value’ of the vehicle. In most cases, this doesn’t equate to the loan balance, and you the borrower are left paying the difference.

To protect members from this unpleasant situation, we’ve partnered with Allied Solutions to offer an inexpensive solution. Called Guaranteed Asset Protection (GAP) Insurance, our GAP program waives the difference between your primary insurance company’s settlement and your Unitus auto loan balance. That helps you avoid delinquent payments and fees, refundable service warranty contracts and other insurance-related charges.

GAP is offered to members for a low one-time fee and is good for the life of your loan. If for any reason you are unsatisfied with this coverage, you can cancel the protection and receive a full refund any time during the first 60 days.

To support you financially, we offer several payment options. You can add the premium to your auto loan (which will increase the payment accordingly), write us a check, or transfer the full amount from your Unitus savings or checking account.

For a quick quote or to learn more about our program contact us at 503.423.8770.