Guaranteed Asset Protection (GAP) offers you the peace of mind of knowing that you will be covered for the difference between the actual cash value of your vehicle and the loan balance.
Let’s say a month after you drive your new vehicle off the showroom floor, you are involved in an accident. You’re okay, but your car is declared “totaled.” Since vehicles start depreciating the moment you drive them off the lot, you may be surprised to learn the settlement amount received from your insurance company is the actual cash or market value of your vehicle, which may be less than what you owe the lender or lease company. You are responsible for the difference.
GAP Protection can cover this “gap” for you.
GAP Protection is available for a nominal cost and can be rolled into your loan payment. For more information, please stop by MCU or call 800-662-2772 and an MCU Financial Service Associate will be happy to tell you more.
Guaranteed Asset Protection coverage is offered to MCU members by
Intercontinental Warranty Services, Inc. Certain limitations and qualifications may
apply. For detailed information, please refer to the terms and conditions of the
Intercontinental agreement.

