Without GAP coverage, you could be paying thousands of dollars for a car you no longer have!
You could be at risk for a large financial loss, especially in the early years of financing your vehicle.

That’s because if your car is stolen or totaled, your auto insurance will cover the actual cash value. But you remain liable for payment of the difference between your loan balance and the insurance settlement. And that could be hundreds or even thousands of dollars.

MEMBER’S CHOICE™ Guaranteed Asset Protection (GAP) can cover that loss exposure for only a couple dollars a month. A small price to pay compared to a series of monthly payments you might be forced to make on a “phantom” vehicle. GAP coverage for your auto is only $125. If you own a motorcycle, GAP coverage is only $150.

Consider this: On average, a vehicle loses between 10% and 15% of its value within the first year. And many times, the primary auto insurer will not pay enough to satisfy the loan or lease balance on cars which have been totaled. Insurers generally “total” a vehicle when damage surpasses 70% of the vehicle’s worth.

Contact a PFFCU representative at 215/856-8914 for details.

Member's Choice Guaranteed Asset Protection is offered through the CUNA Mutual Group, which is not associated with PFFCU.