Protect Your Loan
Guaranteed Asset Protection (GAP)
If your vehicle is damaged beyond repair or stolen, your insurance company may only pay what the vehicle is worth—which is often less than what you owe on your loan. Guaranteed Asset Protection (GAP) helps protect your loan against the unforeseen by cancelling the difference between the vehicle’s value and the balance of your loan.
To learn more, enroll, or file a claim, call us at 803-367-4100.
Your purchase of MEMBER’S CHOICETM Guaranteed Asset Protection (GAP) is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of GAP. If you choose GAP, adding the product fee to your loan amount will increase the cost of GAP. You may cancel the protection at any time. If you cancel protection within 90 days you will receive a full refund of any fee paid. You will receive additional information before you are required to pay the fee for this product. You may cancel at any time during the loan and receive a refund of the unearned fee calculated by the actuarial method.