If your vehicle is totaled or stolen, you may owe more on the loan than your primary insurance company will pay. You are responsible for paying the difference between the insurance company settlement payment and the remaining loan balance at the time of the loss.
GAP coverage protects you from having to pay this deficiency out of pocket and pays the difference.
Coverage against financial loss and out of pocket expenses
Protection in case of a totaled or stolen vehicle
Peace of mind for you and your family
Pays the difference between the Actual Cash Value Settlement (provided by the primary insurance company) and the outstanding loan balance
Can be purchased at loan origination as well as up to one year after the loan originates, as long as the loan is financed with Space Coast Credit Union
Call Express Sales for more information today.
Brevard: 321-752-2222 option 3
Broward: 954-704-5000 option 3
Miami-Dade: 305-882-5000 option 3
All Other Areas: 800-447-7228 option 3