Stay Protected When Life Takes a Turn

GAP Plus ensures you won’t be left owing money on a car you no longer have.

Did you know that “full coverage” insurance only pays your vehicle’s actual cash value? And that the value drops quickly in the first few years of ownership? If your car is totaled or stolen, you could still owe thousands more on your loan than your insurance will cover.

That’s where GAP Plus comes in. GAP Plus helps cover the difference between your insurance settlement and what you still owe on your loan — so you don’t have to pay out of pocket.

How GAP Plus Protects You

Example:

• Purchase price: $25,000

• Insurance payout after total loss: $15,000

• Loan balance: $18,000

Without GAP Plus, you’d be responsible for the $3,000 difference.

With GAP Plus, that $3,000 is paid for you. Plus it can cover your insurance deductible up to $1,000.

Why Members Love GAP Plus

• Protects your wallet from owing more than your car’s worth

• Covers up to $1,000 of your deductible

• Can be added to your loan with little to no impact on your monthly payment

• One-time cost of just $450

Extra Protection with GAP Plus

Special Offer: If your vehicle is totaled or stolen and you finance a replacement with 1st University CU within 90 days, you’ll receive a $1,000 credit toward your new loan.