GAP Insurance | Philadelphia PA Vehicle Loan

Guaranteed Asset Protection fills the financial gap.

Affordable coverage for your vehicle.

Why is GAP a good idea? Because most insurance policies only cover the value of your vehicle, not your loan or lease amount. And your vehicle's value can rapidly decline during the first few years you drive it. GAP coverage kicks in to make up the difference between your insurance payout and what you owe on your loan or lease.

Here's how GAP insurance can protect you if your vehicle is stolen and never recovered, or totaled in an accident:

Your PFCU auto loan balance after one year = $15,000
The value of your vehicle after one year = $10,000
Insurance settlement = $10,000
You're short $5,000
GAP pays $5,000
You owe $0

TOOLS TO GET YOU AHEAD

Summer Splurge or Smart Buy? How to Tell the Difference

By the time July arrives, summer spending is usually in full swing. Weekend trips, seasonal sales, outdoor activities, and spontaneous plans can make purchases feel easy to justify. Enjoying the season is important, but it's also a good time to consider how your spending choices fit into your overall financial picture.

Not every purchase serves the same purpose. Some expenses support your goals or improve daily life, while others simply feel exciting in the moment. Understanding the difference between a splurge and a thoughtful purchase can help you enjoy the season without second-guessing your financial decisions. With a little awareness and planning, you can make decisions that balance enjoyment today with stability for the future.

Guaranteed Asset Protection (GAP)

Guaranteed Asset Protection fills the financial gap.

Affordable coverage for your vehicle.

TOOLS TO GET YOU AHEAD