Guaranteed Asset Protection
(GAP Plus)
Protection for what your auto insurance may not cover.
If your vehicle is deemed a total loss due to an accident or theft, there can be a significant gap between what you owe on your loan and what your auto insurance will cover. GAP may reduce or even eliminate that shortfall in the event your vehicle is deemed a total loss. GAP Plus can help reduce your next loan at the credit union, making it easier to get the replacement vehicle.
- Protection against depreciation
- Financial peace of mind
- Affordable and easy to add
Mechanical Repair Coverage
(MRC)
Essential protection against unexpected repair costs.
Mechanical Repair Coverage may help limit unexpected covered repair costs as your vehicle ages, potentially saving your budget from future unexpected repair costs. Having coverage in place means you can get back on the road faster without worrying about how to pay for costly repairs. It can be used at any authorized repair facility in the U.S. or Canada.
- Protection against unexpected repair costs
- Budget-friendly and predictable
- Increases vehicle longevity and resale value
Enjoy the security that could come with being covered.
The Car-Buying Process
Looking to buy a car, but feeling lost on what steps to take? We’re here to help. View a step-by-step process on how to buy a car with Orlando Credit Union’s guide to the car-buying process.
GAP is not insurance; it is an optional debt cancellation product. GAP will not affect your application for credit or the terms of any credit agreement you have with us. Certain eligibility requirements, conditions and exclusions may apply. You will receive the contract before you are required to pay for GAP. You should carefully read the contract for a full explanation of the terms. If you choose GAP, adding the GAP Fee to the amount financed under your contract will increase the cost of GAP. You may cancel GAP at any time. If you cancel GAP within 90 days you will receive a full refund of any fee paid. GAP purchased from state-chartered credit unions in FL, GA, IA, IN, UT, VT, and WI may be with or without a refund provision. Prices of the refundable and non-refundable products are likely to differ. If you purchase a refundable product, you may cancel at any time during the loan and receive a refund of the unearned fee. GAP purchased from state-chartered credit unions in CO, MO or SC may be canceled at any time during the loan and receive a refund of the unearned fee.
Mechanical Repair Coverage is provided and administered by Consumer Program Administrators, Inc. in allstates except CA; where coverage is offered as insurance by Virginia Surety Company, Inc., in NH; where coverage is provided and administered by Consumer Program Administrators, Inc. dba Consumer Warranty Program Administrators, in TX; where coverage is provided and administered by Consumer Program Administrators, Inc. dba The Administrators of Consumer Programs (TX License #175), in FL and OK, where coverage is provided and administered by Automotive Warranty Services of Florida, Inc. (Florida License #60023 and Oklahoma License #44198051), and in WA; where coverage is provided by National Product Care Company and administered by Consumer Program Administrators, Inc., all located at P.O. Box 802746 Chicago, Illinois 60680-2747, 1-800-752-6265. This coverage is made available to you by CUNA Mutual Insurance Agency, Inc. The purchase of Mechanical Repair Coverage is optional. This document provides general information about Mechanical Repair Coverage and should not be solely relied upon when purchasing coverage. Be sure to read the Vehicle Service Contract or the Insurance Policy, which will explain the exact terms, conditions and exclusions. Coverage varies by state. Replacement parts may be new, used, non-OEM or remanufactured of like kind and quality.