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Guaranteed Asset Protection (GAP)

At NorthStar Credit Union, our team is committed to deliver solutions that protect our members and provide peace of mind.  That's why we have partnered with Allied Solutions to offer Guaranteed Asset Protection (GAP). 

If your car is stolen or damaged beyond repair, GAP coverage could save you a lot of money.   Most auto insurance policies only cover the cash value of your vehicle minus deductibles, but that amount could be far less than what you owe on your loan. GAP coverage will take care of the "gap"; covering the difference between the insured value of your car and the balance of your loan.1  

  • 60 day refundable "free look" period
  • May help the borrower avoid financial hardship and afford a replacement vehicle
  • No model, mileage or year restrictions
  • May prevent a deficiency balance from being added to new loan
  • May help protect the borrower's credit rating
  • $1,000 towards the financing of a replacement vehicle 

In addition, our GAP comes with three-year Auto Deductible Reimbursement (ADR) coverage.  This protection reimburses you for auto insurance deductible payments, up to $500 per eligible claim.  ADR covers any personal car you own (not just the vehicle you cover with GAP). Our GAP coverage is a fraction of the cost found elsewhere and in most cases you can add GAP to your loan for only a few dollars more per month. 

Drive with confidence!
Ask your Financial Services Representative to add GAP to your auto loan today!

1This is not a complete list of features or benefits.  Please refer to your contract for a full explanation of all coverage, exclusions, and limitations.  Restrictions may apply.

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When it's time to purchase a new car, TrueCar is a great place to find exactly what you want.  TrueCar savings combined with NorthStar Credit Union's financing, provides you a better deal that keeps more of your hard-earned money in their pockets!
Work with our prescreened, certified dealers to ensure a better car buying experience with a hassle-free deal.

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