What is GAP coverage and should I add it?

Guaranteed Asset Protection (GAP) helps cover the difference between what you owe and what your insurance pays if your vehicle is totaled or stolen. This can be especially helpful if you finance most of the vehicle’s value or if your car depreciates quickly.

Volt Credit Union recommends GAP coverage for members who want added peace of mind and protection from unexpected out-of-pocket costs. GAP is often more affordable through Volt than through a dealership, making it a smart, budget-friendly option for many borrowers.