Loan Protection Options
CREDIT LIFE INSURANCE

In the event of your death, credit life insurance will pay off the balance of your loan as defined in the policy.


CREDIT DISABILITY INSURANCE

When an unexpected illness or injury happens, credit disability insurance will make your loan payments until you return to work (see policy for specific terms)


GUARANTEED ASSET PROTECTION (GAP)
Gap insurance covers the "GAP" between what your insurance company will pay out and the amount of money you owe on your car loan in the event of a total loss. When you buy a car, the retail price that you pay is greater than the vehicle’s resale value.  In addition, in financing your car, you likely bundled additional costs into your loan that you cannot recoup, including sales taxes, title fees, emission fees, and registration.