Guaranteed Asset Protection

Available for new and used vehicles
Protects you should you owe more than your vehicle is worth
$50,000 maximum payout

GAP Fills in Financially Following a Theft or Accident

The situation: Your vehicle is stolen and never recovered or it's in an accident and your insurance company deems it a total loss. The reality: You may owe more money on your auto loan than you receive from your insurance policy. A Guaranteed Asset Protection policy bridges that gap for you.

GAP may also cover up to $1,000 of your deductible after the primary insurance settlement is paid
Coverage costs $599 for vehicles and $649 for recreational vehicles
GAP Advantage provides you with a $1,000 credit toward a replacement vehicle financed with a BHFCU loan
Subject to limitations and exclusions, including, but not limited to, loan-to-value (LTV) maximum, delinquent payments, late charges, refundable service warranty contracts, and other insurance-related charges

Ask a BHFCU employee about specific coverage details.

What is GAP?

File for an Auto Deductible Reimbursement

It's complimentary with GAP.

File a Claim

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Financing That Goes the Distance

From daily drives to weekend adventures, our auto and recreational vehicle loans make it easy to get where you’re going.

GAP disclosures.
Your purchase of GAP is optional. Whether or not you purchase this product will not affect your application for credit or the terms of any existing credit agreement you have with us. We will give you additional information before you are required to pay for GAP. This information will include a copy of the GAP Waiver Addendum which will contain the terms and conditions of GAP benefit.

GAP eligibility requirements, conditions, and exclusions.
There are eligibility requirements, conditions and exclusions that could prevent you from receiving GAP benefits. You should carefully read your GAP Waiver Addendum Form for a full explanation of the benefits, rules, terms and conditions of the program. This webpage is not a contract. GAP is a loan/lease deficiency waiver and is not offered as insurance coverage. GAP is subject to limitations and exclusions, including but not limited to a loan-to-value (LTV) maximum.

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