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Gap Protection

Financial Protection When You Need It Most

In the event that your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared an insured total loss, your insurance company pays the actual cash value of the vehicle at the time of the loss—not what the vehicle is really worth to you!

You remain liable for payment of the difference between your insurance company's settlement and the balance of your loan/lease.

This deficiency, added to the amount of your deductible, time lost from work, rental car costs, replacement vehicle, and other expenses, can easily be thousands of dollars—money that comes out of your pocket!

OwnerGUARD GAP provides you with:

  • Security: You can ease the financial burden associated with the loss of your vehicle.
  • Protection: Your credit rating and the value of your vehicle are protected.
  • Stability: You are assured a positive financial transition when it is needed most.
  • Peace of Mind: Your worries about further financial loss are minimized.

Protection is provided for the term of your loan / lease, up to 84 months, and is applicable for vehicles valued up to $100,000 at time of purchase. Benefits are paid up to $50,000; deductible coverage up to $1,000. GAP Plus protection includes $1,000 down payment credit. Protection is effective with the execution of all documents.

Contact us for more information on GAP, and how it could be helpful for you.

* The information contained on this page is intended to provide a general outline of the benefits of the OwnerGUARD GAP Deficiency Waiver Contract Addendum and should not be relied upon as providing all relevant information when purchasing GAP Protection. Be sure to carefully read the Deficiency Waiver Contract Addendum; all benefits referenced herein are subject to specific limitations, exclusions, and conditions as set forth there.


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West Covina Federal Credit Union is federally insured by the National Credit Union Administration.



We are an Equal Opportunity Lender.