Guaranteed Asset Protection

The value of any vehicle declines rapidly during the first few years of ownership, but most insurance policies only cover the value of your vehicle at the time of loss. If your vehicle is stolen or totaled in a major accident, the settlement you receive could be less than you owe.

Now, you can protect the value of your vehicle with Guaranteed Asset Protection (GAP). GAP covers the 'gap' between the vehicle's value and the amount you still owe.

How does GAP work?

  • GAP protection goes into effect when you need it most - when your vehicle is stolen and isn't recovered or totaled in an accident and cannot be repaired.
  • GAP waives the difference between your primary insurance carrier's settlement and the payoff of your loan, less delinquent payments, late charges, refundable services, warranty contracts and other insurance-related charges. Included in this difference is your insurance deductible, up to $1,000.
  • The deductible is paid as part of the deficiency balance and is therefore only paid if there is a "gap" to pay on the loan.

Get an instant quote today and start worry-free driving tomorrow. Contact our Member Insurance Team at 800-234-1234 ext. 8301 or for more information.


* Deductible coverage is available in most, but not all states. Please consult your financing representative for the availability of this benefit.

For a complete list of benefits and rules, see the GAP Waiver Election form. The purchase of GAP is voluntary and cannot be required as a condition of loan approval. GAP is a loan/lease deficiency waiver and is not offered as insurance coverage. Applies only to collateral financed by RFCU®. A fee applies. Please contact RFCU at 800-234-1234 for information.

Must be RFCU member to obtain insurance products. Must be eligible for membership and open a share savings account to join. A $5.00 minimum balance is required to open and be maintained in share savings account. Fees and other restrictions may apply. Insurance products are offered through third-party insurance companies, are not Redstone Federal Credit Union® products, and are not NCUA or federally insured. These products are not obligations of Redstone Federal Credit Union and are not endorsed, recommended, or guaranteed by RFCU or any government agency. RFCU does not warrant, guarantee, or insure any service or product offered by any third-party insurance company or Redstone Insurance Services®. RFCU and Redstone Insurance Services are affiliated, but RFCU, Redstone Insurance Services, and third-party insurance companies are separate entities. RFCU is an Equal Credit Opportunity Lender.

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