Guaranteed Asset Protection (GAP) Advantage

If your car is deemed a total loss because it’s stolen and not recovered, or totaled beyond repair, your regular auto insurance will only cover the Actual Cash Value (ACV) of your car. But what if your remaining loan balance is higher than the ACV?

That's where GAP Advantage comes in

GAP Advantage

may reduce or eliminate your remaining loan balance and may cover your insurance deductible up to $1,000 in most cases. Better yet, GAP Advantage pays an additional $1,000 toward the principal balance of your new auto loan if you finance your vehicle with Mission Fed within 90 days of the insurance claim being paid.

What if your car isn’t totaled?

Our GAP Advantage program also includes the Auto Advantage Plan, which includes the Auto Deductible Reimbursement (ADR) benefit. ADR is a complimentary benefit provided on behalf of Mission Fed to our members who purchase a GAP Advantage Waiver. ADR reimburses the insurance deductible up to $500 for a loss covered by the borrower’s auto insurance policy for ALL passenger vehicles owned (i.e. titled or registered) AND insured (i.e. Named Insured) by the enrolled member. Coverage is effective upon enrollment, continues for a 1 year period and allows a benefit of up to $500 per loss, with a limit of 2 losses in that period.

GAP Advantage perfectly complements your standard auto insurance and is available to members with vehicles financed with Mission Fed. For more information please stop by one of our branch locations. Or, call today for your GAP Advantage quote at 858.524.2850 or 800.500.6328.

Guaranteed Asset Protection (GAP) is sold as a non-insurance product. Purchase of GAP Advantage Waiver is voluntary and will not affect your application or the terms and conditions of your loan. The product offered is not insured by the NCUA. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under GAP Advantage, including a maximum loan-to-value ratio. GAP Advantage is administered by Allied Solutions, LLC and is underwritten by Securian Casualty Insurance Company. Additional terms, conditions and limitations may apply. Please refer to individual product brochures, or request a GAP Advantage Waiver from any of our branch locations, for additional information. 6/17

More Products & Services

Long Term Care Insurance

Photo of an elderly woman and her long term care taker

With Long Term Care Protection offered through Mission Fed, you'll easily afford the care you'll...

How will you care for yourself when you are older, or if you experience an accident or illness? There may come a time when you you'll need assistance with daily living activities that might not be covered by your health insurance. With Long Term Care Protection offered...

 

Home Insurance

Photo of smiling family in front of their home.

Mission Fed works with LiveSmart Insurance Services, LLC to help you find competitive pricing on...

Help protect your biggest investment with Home Insurance. Whether you own or rent your home, Mission Fed can connect you with our insurance partners to find insurance services to help protect your home, condo or mobile home.

 

Credit Life & Disability Insurance

happy couple enjoying Credit Life and Disability insurance

Credit disability and credit life insurance may help reduce or pay off your covered loan, up to the...

Life can be wonderful. But it can also get complicated when unexpected things happen. Protecting your loan payments against the unexpected such as a covered life event or disability could help you protect more than your finances. It could help lighten the burden for the...

 

Proof of Insurance

Mission Fed bell logo

If you have an auto loan or mortgage with Mission Fed, you will be required to provide us with proof of insurance. We have partnered with Southwest Business Corporation (SWBC) to track and verify all auto loan insurance coverage.

 

Branch/ATM Locator

Search for Mission Fed Branches and ATMs, or 30,000 CO-OP Network ATMs Nationwide