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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Car Insurance Coverage helps protect your investment
Helping to protect our members and your vehicle is important. That’s why we offer services to help protect yourself and what’s important to you.
Mission Fed Debt Protection
Life can be wonderful. But it can also get complicated when unexpected things happen. Protecting your loan balance or loan payments against involuntary unemployment, death or disability could help you protect your finances. Life Plus adds protection for financially...
Mission Fed Debt Protection
Life can be wonderful. But it can also get complicated when unexpected things happen. Protecting your loan balance or loan payments against involuntary unemployment, death or disability could help you protect your finances. Life Plus adds protection for financially...
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