Protect your investment. Guaranteed Asset Protection

GAP Protection

You purchased your car for $18,000. Two years later, it’s totaled in an accident. Even though you still owe $13,000 on your loan, you only receive $9,000 from your insurance company. Why? Most insurance policies will only reimburse you for the actual cash value of your vehicle at the time of loss, even if you owe more.

Guaranteed Asset Protection (GAP) helps you protect your investment by covering the “gap” between the vehicle's value and the amount you still owe. In the event of a total loss—whether your vehicle is stolen or damaged beyond repair— GAP waives the difference between your insurance company’s settlement and your remaining loan balance, up to a maximum loan-to-value limit, less exclusions or limitations that may apply.

A car accident or theft is stressful enough. With GAP protection from Allied Solutions, you’ll have one less thing to worry about.

Regular Share Savings

Minimum Balance to
Open Account


Minimum Balance to
Earn Dividends


Dividends Paid


EVERY Redstone Savings Account includes:

Dividend Rates Icon

Great Dividends Rates

Dividends Paid Quarterly Icon

Dividends Paid Quarterly

Member Support Icon

Outstanding Member Support

Easy Online Banking Icon

Online Banking with easy-to view

NCUA Insurance Icon

Insurance through the NCUA

Learn more about GAP and hit the road with confidence.

What is a dividend? 

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, up to a maximum loan-to-value limit, and less delinquent payments, late charges, refundable services, warranty contracts, other insurance-related charges, and other exclusions or limitations that may apply. 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.*

Must be RFCU® member to obtain any product or service. Must be eligible for membership and open a share savings account to join. A $5.00 minimum balance is required to open and must be maintained in share savings account at all times. Fees and other restrictions may apply.

GAP 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 or recommended by RFCU or any government agency. RFCU does not warrant, guarantee, or insure any service or product offered by any third-party insurance company. RFCU and third party insurance companies are separate entities.

*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 terms and conditions, see the GAP Waiver Addendum. The purchase of GAP is voluntary and cannot be required as a condition of loan approval.  Whether or not you purchase GAP will not affect your application for credit or the terms of any existing credit agreement you have with us. 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.

Discount of the Month | Redstone Federal Credit Union

Refer a Friend to Redstone Federal Credit Union

Insurance Services | Redstone Federal Credit Union


Join The Redstone Family Today

Are you ready to join the credit union that puts you first? Become a member of the Redstone family and you’ll start enjoying the great rates, personalized financial advice, and excellent customer service Redstone is known for.

X Close