Guaranteed Auto Protection (GAP)
Most people believe that if their vehicle is totaled or stolen, their primary insurance will pay off their loan balance. But if your vehicle is totaled or stolen, your insurance carrier usually will pay only the actual cash value (current market value) of your vehicle less your deductible. The amount could be substantially less than your APLFCU loan balance.

The final result is a financial GAP where you must pay the difference between your loan balance and your insurance settlement, which could mean thousands of dollars out of your pocket. That's why many owners have chosen GAP (Guaranteed Auto Protection). GAP eliminates the potential out-of-pocket expense you would incur to pay off your loan should your vehicle be stolen or totaled.

How GAP Works
Guaranteed Auto Protection will cover the difference between your loan payoff and your primary insurance company settlement. Your loan balance will be paid in full. Furthermore, it also will cover your insurance deductible up to $1,000, so you can move on to purchasing another vehicle.

Let's Say

Is Your Vehicle Eligible?
Your APLFCU vehicle loan is eligible for GAP coverage if it fits any of the following categories.

* New and used vehicles
* Private passenger autos, vans, or trucks (not exceeding one-ton towing capacity)
* Motorcycles

You can purchase GAP coverage for your existing APLFCU vehicle loan. Call for more information at (443) 778-5250 (Baltimore) or (240) 228-5250 (Washington).

Payment Protection can help safeguard your family's lifestyle - and your peace of mind. It's financial help you can count on when you need it most. And it's convenient, economical and easy to qualify. If you die or become disabled due to a covered illness or accident, your loan may be reduced or paid off.

We can provide life and/or disability protection on most loans you originate with us. Each time you borrow with APLFCU, a Member Service Representative will provide you with available protection options. No physical exam is required to qualify and your premium will be included in your monthly loan payment.

Credit Insurance is underwritten and administered by Cuna Mutual Insurance Society - Madison, WI and is available to credit union members only through APL Federal Credit Union Home Office - Laurel, MD). Exclusions, limitations and terms of availability apply to this coverage. For cost and complete details, contact your loan officer.