Guaranteed Asset Protection (GAP)

Guaranteed Asset Protection, or GAP, protects your assets in the event of a total loss or vehicle theft. If your vehicle is totaled, GAP helps you cover any unpaid balance on your auto loan by paying the difference between the Insurance Company’s value of the vehicle and the unpaid auto loan balance.

Other GAP Benefits if Your Vehicle is Totaled

  • $1000 reduction on your next vehicle purchased with our Credit Union
  • Up to $1000 towards your insurance deductible if applicable


The “PLUS” is the additional benefit of a $1,000 deduction toward your next vehicle loan at this institution if financed within 90 days of the GAP claim settlement.

Most types of vehicles are eligible, and you can generally include GAP PLUS coverage in your vehicle loan payment.

Learn More

Please feel free to contact your local Seaboard FCU branch to learn more about our GAP and GAP PLUS offerings. You can also download our GAP and GAP PLUS brochures using the links below.