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GAP Insurance:
GAP fills in the financial gaps

Guaranteed Auto Protection is your defense against financial liability when you finance a new or used vehicle. It protects you against loss when your vehicle is damaged beyond repair or stolen and never recovered.

During the first few years you own your vehicle, because of depreciation, your loan/lease balance can be higher than the actual value of your car. GAP covers the difference between the market value of your vehicle and the loan/lease balance, minus delinquent payments, late charges, and insurance related charges.

 

 

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© Copyright 2008 Telcoe Federal Credit Union

 
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, an agency of the federal government.