Protect your investment in your vehicle
If your car is stolen or totaled in an accident, most insurance companies will only pay its cash value. But if you’re still making car payments and the current loan balance is above your vehicle’s cash value, you have to pay the difference. And that could be thousands of dollars.
Get the GAP advantage
A wrecked car shouldn’t wreck your finances. With a Guaranteed Asset Protection (GAP) plan through Northrop Grumman FCU, the difference between what you still owe on the vehicle and its cash value will be waived, up to a certain loan-to-value ratio.
You can get an additional $1,000 toward the purchase and financing with NGFCU of a replacement vehicle if you experience a total loss due to an accident or unrecovered theft.
Your GAP purchase includes Auto Deductible Reimbursement (ADR)
How would you pay your deductible if you file an insurance claim?
Here’s how ADR can help:
- Reimbursement of up to $500 of the insurance deductible per loss
- Covers all of the primary borrower's vehicles you own and insure
- Unlimited number of claims up to 3 years
- Complimentary benefit with the purchase of GAP
This product is not available to California residents who are active members (or their family members) of the military.