If the unexpected happens to your vehicle, you could lose more than just its value - you could lose your vehicle investment.
If your vehicle is totaled, standard insurance will only pay for the value of the car at the time of the incident. That means you are responsible for paying the difference between the car’s current value and the amount of your car loan. This is where GTE’s GAP can help protect your pockets!
1. Low-cost protection for only $599 - on both purchases and refinances
2. You can finance the $599 with your GTE auto loan, so it equates to a very small monthly payment
3. Protection for the term of your loan/lease up to 84 months*
4. You can add GAP to your GTE auto loan at any time via cash, debit or credit card
5. Receive Auto Advantage*
Now GAP offers even more protection with Auto Deductible Reimbursement! If you file and pay a deductible for and pay a deductible for a comprehensive or collision claim for any vehicle you own and insure, you get up to $500** reimbursed!
GAP can easily be added to your vehicle loan contract. Speak with a Member Advocate at any Community Financial Center or call us at 813-414-6787 ext. 40433 for more details and to purchase this protection.
*Your GAP certificate will have complete coverage conditions and exclusion details.
**$500 per loss and unlimited claims per year, effective upon enrollment and continues for 3 years.
Must be a GTE Financial member to obtain any product or service. Must be eligible for membership and open a share savings account to join. A $5.00 minimum balance is required to open and must be maintained in share savings account at all times. Fees and other restrictions may apply.
GAP products are offered through third-party insurance companies, are not GTE Financial products, and are not NCUA or federally insured. These products are not obligations of GTE Financial and are not endorsed or recommended by GTE Financial or any government agency. GTE Financial does not warrant, guarantee, or insure any service or product offered by any third-party insurance company. GTE Financial and third party insurance companies are separate entities.
*Deductible coverage is available in most, but not all states. Please consult your financing representative for the availability of this benefit. For a complete list of terms and conditions, see the GAP Waiver Addendum. The purchase of GAP is voluntary and cannot be required as a condition of loan approval. Whether or not you purchase GAP will not affect your application for credit or the terms of any existing credit agreement you have with us. GAP is a loan/lease deficiency waiver and is not offered as insurance coverage. Applies only to collateral financed by GTE Financial. A fee applies. Please contact GTE Financial at 813-414-6787 ext 40433 for information.