Helps pay the difference between a vehicle’s actual cash value and the member’s loan balance according to provisions and conditions set forth in the waiver

• Many members don't understand they are at risk
• Helps cushion the impact of unexpected expenses
• Helps provide member financial security in the event of an accident
• Positions your credit union as a caring financial partner

Minimizes credit union risk

• Critical with longer loan durations and higher loan-to-value ratios
• Helps protect collateral
• May reduce charge-offs, delinquencies, and collection fees

Generates valuable non-interest income
Especially important with dropping Return on Average Assets

Customized GAP protection
More coverage options than the competition improves member value and may increase sales:

• Maximum allowable lease/loan-to-value ratio for all vehicle options of 100% and 125%
• 72- or 84-month maximum term waivers give you the flexibility to match your lending guidelines
• Skip/delinquent payment protection can be customized to meet your lending guidelines
• 90-day "free-look-cancel" option-3 times the level required by many states

Longer claims notification period

• 365-day claim window helps you minimize losses
• Many providers require claims within 30 or 60 days*

Choice of NADA or Kelly Blue Book valuation
Lets you have the same vehicle value for loan and insurance coverage for improved consistency

More coverage options

• Protects both purchase money and debt consolidation loans
• Minimizes expenses related to delinquencies and charge-offs

Complete sales and support resources
Meet the needs of members and staff with our wide range of training and support tools

*After receiving final settlement from the primary or third-party insurance carrier

Lending Resource Center: Exclusive online resource that houses important product information - from product basics and training to compliance best practices and product administration.

Product Training:   Multi-channel product and skills training to help your lenders meet member needs.

loanliner.com:  For greatest results, this online loan application is designed to "ask for the sale" at precisely the right point during the loan event. Using Integrated Web Calculator, your member can calculate a loan payment after Guaranteed Asset Protection is added.