GUARANTEED ASSET PROTECTION (GAP)
GAP helps ensure payoff of your credit union loan if your vehicle is totaled or stolen.
Typically, when a vehicle is stolen or considered a total loss, your insurance company will pay only the actual cash value of the vehicle. This amount is often considerably lower than the loan balance. The borrower will be responsible for paying the deficit. GAP is designed to pay off the principal balance. (Coverage is offered through
Allied Solutions.)
Contact us or your NWFCU loan officer to learn more about guaranteed asset protection.
Northwest Financial and Northwest Federal Credit Union are not registered broker/dealers
and are not affiliated with LPL Financial.
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