Guaranteed Asset Protection (GAP) for Vehicles
Elevations offers coverage at low credit union prices. And it’s no risk — GAP is fully refundable if you cancel the coverage within the first 90 days.
Hopefully, your vehicle will never be stolen, damaged beyond repair, or declared as a total loss. But if it is, there could be a big difference between what your auto insurance pays and what you owe on your loan. That “gap” will come out of your pocket unless you have GAP insurance.
Low-Cost Protection for High-Cost Losses.
For just a few dollars a month, GAP can save you from making loan payments on a car, truck or other vehicle that’s beyond repair or stolen and not recovered. GAP Plus coverage also includes up to $1,000 toward your down payment of a replacement vehicle (where allowed by law and when financed by Elevations Credit Union).
It's EASY to sign up.
- Sign up for GAP when you apply for your auto loan. There's no underwriting, no red tape, no hassles. And for your convenience, the amount can be rolled into your monthly payment.
If you've gotten your auto loan through Elevations CU without GAP Insurance and have now changed your mind, it may not be too late...
- Call our Contact Center at 303.443.4672
- Visit a branch and talk to a Loan Representative
