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

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January is the perfect time to start fresh and set the tone for a financially successful year. As we enter 2025, it's an opportunity to reflect on your financial habits, assess your long-term goals, and make resolutions aligned with a solid financial future.

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Guaranteed Asset Protection (GAP)

Guaranteed Asset Protection fills the financial gap.

Affordable coverage for your vehicle.

TOOLS TO GET YOU AHEAD