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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.
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.
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Proof of Insurance
If you have an auto loan or mortgage with Mission Fed, you will be required to provide us with proof of insurance.
If you’re looking for Personal Insurance, look no further than Mission Fed, right here in San Diego.
Mechanical Breakdown Protection
Our Mechanical Breakdown Protection options give you flexibility with your premium, covers repairs at all licensed repair facilities in the U.S. or Canada and provides a host of additional coverages to protect you on the road.
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