Guaranteed Asset Protection Advantage
GAP Insurance: What is it?
Rivermark provides a GAP insurance add-on feature for members to buy when they get a car. GAP Insurance is one of the most important add-on features car buyers can have! If the car is totaled or stolen, your insurance company might not pay off the entire loan balance. That is because the value of your car can be less than what you owe. You could be stuck with the rest of the bill!
The good news is that GAP insurance helps pay the “gap” between what you owe on the car and how much it is worth.
And best of all, you already qualify! GAP Insurance would waive the difference between your insurance settlement and your loan, provide $1,000 towards a new vehicle if you finance it with us, and give you a free gift with our Auto Deductible Reimbursement (ADR) benefit - Just one deductible claim would pay for your GAP protection!
- Up to $1,000 of insurance deductible covered*
- $1,000 credit towards the Rivermark financing of a replacement vehicle
- Low cost protection
- Eliminates the out-of-pocket expense for the remaining loan balance after loss settlement
- Helps the borrower avoid financial hardship and afford a replacement vehicle
- Prevents deficiency balance from being added to new loan
- Helps protect the borrower’s credit rating
- 60 day free look
GAP Advantage protection can be added to any vehicle loan for a low, flat, one-time premium. Premiums start at $524. We can even incorporate the price into your loan balance.
*Deductible reimbursement is available in most (including Oregon and Washington), but not all states. Please consult us for the availability of this benefit.
How to Get a Quote:
Click here to Get a Quote, or call our specialists at 503.626.6600 for a free, no-obligation quote.
Check out our GAP Insurance video below!
Whether you’re looking for help saving money on your Home and Auto Insurance, protecting your car investment with GAP and MBP, or protecting your family from unexpected circumstances with Debt Protection, just know that Rivermark Community Credit Union is here for you!
Reach out to us today to learn more about these options and what is best for you and your family!
Guaranteed Asset Protection Advantage is offered by Allied Insurance LLC. Business conducted with Allied Insurance LLC is separate and distinct from any business conducted with Rivermark Community Credit Union. If you are purchasing insurance for yourself or as part of a credit union loan, you need to be aware of some important information. Insurance products are not deposits of Rivermark and are not insured by the NCUA. They are not guaranteed by Rivermark and may be subject to risk. Any insurance required as a condition of an extension of credit by Rivermark may be purchased from an agent or an insurance company of the member’s choice.