If your car is stolen and deemed unrecoverable, or totaled beyond repair, your regular auto insurance will only cover the actual cash value (ACV) of your car. But what if your loan balance is higher than the ACV? That's where GAP comes in, paying off your additional loan balance as well as covering your insurance deductible up to $1000. Better still, GAP pays an additional $1000 toward the down payment on a new car if you finance your new loan with Mission Fed within 90 days of collecting your claim. With its very low cost, GAP is the perfect complement to your standard auto insurance.
Available to members with vehicles financed with Mission Fed only. Members must elect the GAP Advantage Waiver within 60 days of loan inception. Other restrictions, limitations and conditions may apply. GAP Advantage Waiver is underwritten by Balboa Insurance. This product is offered through Mission Federal Services, LLC., a wholly owned subsidiary of Mission Federal Credit Union.
For more information please stop by one of our branch locations or call us at 1-800-500-6328.
Mission Federal Credit UnionP.O. Box 919023 San Diego, CA 92191-9023 | 800.500.6328 