Guaranteed Asset Protection (GAP)
By accepting Guaranteed Asset Protection (GAP) with your Liberty Bay auto loan, you are protecting your wallet and your credit.
In the event your vehicle is totaled or stolen and not recovered, your primary insurance company settlement can be significantly less than your outstanding loan or lease balance. This may create a deficiency balance or a “gap” resulting in serious financial hardship for you. Not only do you need to finance a loan for a replacement vehicle, but you also have to pay off the deficiency balance left on your current loan. GAP waives all or part of the loan balance that your primary insurance carrier did not cover, subject to limitations and exclusions including a loan to value maximum.
Contact Member Services to learn more about GAP and how you can enroll.
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Auto Advantage
Purchase GAP and receive the Auto Advantage Program.
Complimentary Auto Deductible Reimbursement (ADR)
Personal ID Restoration Consulting
Access to Warranty Vault