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Congratulations - you've just purchased your dream vehicle. To protect your investment, LCCU offers Guaranteed Asset Protection (GAP) a low-cost coverage, which pays for the difference between the insurance company's settlement and the balance owing.
What this means: If your vehicle is totaled in an accident or is stolen, your insurance company will pay only the actual cash value of the vehicle. Because vehicle values depreciate faster than the loan balance, you are left with a GAP, an unpaid balance you still owe. GAP protection pays the difference between the insurance company's settlement and your loan/lease balance.
It's easy to sign up - there's no red tape, no hassles, and your GAP payment can be rolled into your monthly loan payment.
Simply contact one of our loan officers at (360) 834-3611 or (888) 834-3611.
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