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.

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 nor an obligation or guaranteed by Mission Federal Credit Union. 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.

More Products & Services

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.

Other Services

Find other insurance services we offer members here in San Diego.

Find other insurance services we offer members here in San Diego.

Mechanical Breakdown Protection

Our Mechanical Breakdown Protection options give you flexibility with your premium, covers repairs...

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Pet Insurance

Pet insurance is affordable health coverage that helps you pay the treatment costs for your pet’s...

Pet insurance is affordable health coverage that helps you pay the treatment costs for your pet’s accidents, illnesses and routine medical care so you can protect your pets.

Branch/ATM Locator

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