Guaranteed Asset Protection
You may not realize it, but fair market insurance isn’t always fair. Insurance doesn’t always fully pay off a vehicle loan.
As repair costs and the number of stolen and totaled vehicles continue to rise, chances that a “gap” will occur between your remaining loan balance and an insurance settlement is greater than ever.
11.8%
Increase in
stolen vehicles1
6%
Increase in vehicle
repair costs2
20.7%
Damaged vehicle
appraisals deemed
a total loss2
Are you aware of and prepared for this possible financial shortfall?
Guaranteed Asset Protection (GAP) can help you worry less about how you’ll pay off your loan and replace your vehicle
if it’s totaled.
Contact us for more information or a quote on Guaranteed Asset Protection.
1Facts + statistics: Auto theft. III. (n.d.). Retrieved January 12, 2022, from www.iii.org/fact-statistic 2 2021 Crash Course Midyear Report
Membership
Our members are part owners and have a say in how the credit union is run. Stop by one of our offices or apply online and join ECU today.
Checking Accounts
We know everyone is different and that is why we are giving you options to select th e best fit for you. Open a checking account with benefits that protect you and goes beyond just banking.
