Guaranteed Auto Protection
Why pay for an asset you no longer own? Protect it with GAP.
MTFCU’s Guaranteed Asset Protection (GAP) helps cover the remaining balance on your loan if you experience a total loss before it is paid off.
Most insurance policies only cover the actual cash value of your asset. As a result, there can be a substantial “GAP” between your loan or lease and the amount your insurance company pays to replace your vehicle.
GAP settles the difference between your primary insurance settlement and your remaining loan balance at the time of loss. GAP may also cover your primary insurance deductible.*
GAP is available for an affordable, one-time premium of just $500, which can be financed with your car loan!
For more information on how you can protect yourself and your vehicle, talk to a Loan Officer today.
*Subject to the terms, conditions, limitations, and exclusions set forth in your contract. **This example is for illustrative purposes only.
Mechanical Breakdown Protection
Let’s face it – vehicles are expensive, and the vast majority of costly mechanical and electrical failures occur AFTER the factory warranty has expired.
Avoid expensive repairs by protecting your vehicle with a Mechanical Breakdown Protection contract.
All plans provide additional benefits for those unwanted mishaps.*
Roadside Assistance
The emergency services include:
- Towing
- Lock-Out Assistance
- Fuel Delivery
- Flat Tire Assistance
- Battery Service
Rental Vehicle
In the event of a covered mechanical breakdown, you will be eligible for alternate transportation according to the schedule in your contract.
Tire Road Hazard
If your vehicle’s tires are damaged due to a road hazard, you are eligible for repair or replacement throughout the life of the contract.
Trip Interruption
If a mechanical breakdown occurs more than 100 miles away from your home and results in a repair facility keeping your vehicle overnight, you are eligible for reimbursement of meals and lodging for up to three days.
Protect from the Unexpected
*This page highlights the benefits of ASG’s protection plans. Please refer to the actual service contract for coverages, exclusions, terms, and conditions.