PortAlliance Federal Credit Union

Guaranteed Asset Protection (GAP) Advantage

Fill in the GAP on your next vehicle loan!

There could be a big difference between what your automobile insurance will pay and what you owe on your loan. Most cars depreciate by thousands of dollars as soon as they are purchased. And if your car is stolen, accidentally damaged beyond repair, or otherwise declared a total loss, you are still liable to pay the difference, or the "gap" between your insurer’s settlement and your loan balance. Without protection, that "gap" in cost will come out of your pocket!


GAP Advantage could save you thousands.

GAP Advantage is low-cost coverage that pays the potentially high-cost difference between your insurance settlement and your loan balance on items directly related to the purchase of your vehicle.


It’s easy to be covered.

You can sign up for GAP Advantage when you finance your auto loan or when you refinance a previously purchased vehicle through PortAlliance. For your convenience, the amount of your GAP Advantage can be easily rolled right into your monthly loan payment.


And there’s more.

GAP Advantage also gives you up to $1,000 towards your down payment of a replacement vehicle when you finance that vehicle with PortAlliance!


As an added benefit, GAP Advantage also offers Auto Deductible Reimbursement (ADR):

  • Pays up to one thousand dollars ($1000) per Loss (limit of one loss per year) when a Loss is filed and paid by the auto insurance company for a Covered Auto the Member owns or leases evidenced by the title or registration, AND insures under an Auto Insurance Policy designating the Member as the Named Insured.
  • Loss means an event for which the auto insurance company has approved and paid a collision or comprehensive claim which exceeds the Auto Insurance Policy deductible for the Covered Auto.
  • Coverage is effective upon date of enrollment and will continue for three (3) years.


Click here for the GAP Advantage brochure.


Click here for more information about ADR, a benefit included with GAP Advantage.




GAP Advantage is offered by a third party. Complete terms and provisions are contained within each Agreement. Please refer to your Agreement for complete details. This product is offered by a PortAlliance Federal Credit Union associate who both accepts deposits on behalf of the credit union and sells non-deposit products on behalf of a third party.