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Gap Insurance

What if an auto insurance payout doesn't cover your loan balance?

GAP Advantage can protect you from an unexpected loss.

Guaranteed Asset Protection Advantage (GAP Advantage) helps cover the difference between an insurance settlement and your auto loan balance in case your car is stolen or deemed a total loss due to an accident. Low or no down payment, adding options to a vehicle, and high-mileage driving habits are all ways a borrower may owe more than a vehicle is worth at a given point in time.


GAP Advantage also includes AssurancePlus: if you suffer a loss during the coverage period, which is covered by your insurance policy, you may be entitled to reimbursement of your deductible. Reimbursement is equal to the covered deductible on the auto policy, up to $1,000 per loss.

Up to $1,000 financing credit

In the event of a total loss on a covered vehicle, you will receive a credit of up to $1,000 toward the financing of your replacement vehicle at Mid American Credit Union.

We make it easy

GAP Advantage can be included in the amount you finance, or you can pay up front for the coverage at the time your loan is opened.

To find out more, contact a Financial Services Representative, 316-722-3921, ext. 202.