GAP Plus

If your vehicle is ever stolen, damaged beyond repair or otherwise declared an insured total loss, your auto insurance may cover the replacement value, but you’ll still be responsible for the difference between your insurance settlement and loan balance. That’s why we offer Guaranteed Asset protection (GAP) Plus– protection to eliminate or reduce that difference between your insurance settlement and loan balance.

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  • Woman in hat and sunglasses enjoys a sunny day from the sunroof of her car

    Protection with GAP

    Without GAP Plus, you could face paying thousands of dollars on your lost or totaled vehicle. GAP Plus is offered at $425* and can either be added onto your approved loan or paid in full at any time during the life of the loan.

    At Suncoast, GAP Plus is available for cars, light trucks, motorcycles, jet skis, snowmobiles and ATVs.

    The benefits may include:

    • Protection for the term of your loan up to 84 months
    • Maximum Protected Loan Amount up to $100,000
    • Maximum Benefit up to $50,000
    • Primary Insurance deductible protection up to $1,000
    • GAP Plus helps you get into your next vehicle by reducing the new loan at the credit union by $1000
    Benefits are available for new or used vehicles, including cars, light trucks, motorcycles and some other motorized vehicles. Call the Members Care Center at 800-999-5887 for more information.

    *Subject to change.