At Partners Federal Credit Union, our goal is to provide you with affordable coverage for unforeseen expenses.  If the unexpected happens, whether your car is a total loss due to accident or theft, your vehicle suffers a major mechanical failure, or you're hit with bills you can't pay, count on us to protect you.

To get a no cost, no obligation quote, simply click on the 'Get A Quote' tab above or call 800.948.6677 to speak to a member service representative. 

Guaranteed Asset Protection (GAP) Advantage Overview

Did you know that if your new vehicle is totaled, or stolen and not recovered, your insurance may not pay off the total amount owed?  A vehicle's value declines as a result of depreciation, and your loan balance can be higher than the Actual Cash Value (ACV) which is established by your insurance company.   GAP reduces or eliminates the added expense and pays the difference between the ACV of your vehicle, as determined by your insurance company, and the balance still owed.

You need more than insurance to protect your investment

  • In fact, if the average new car buyer has their vehicle declared a total loss because it was stolen and not recovered, or damaged beyond repair, they could still owe thousands of dollars after the insurance settlement.

Protect your investment with Guaranteed Asset Protection (GAP) Advantage*

  • GAP makes up the difference between what insurance covers and the amount you owe in most cases.  So, instead of paying off a substantial  loan balance before you can even think about shopping for a new vehicle, you  could be free and clear. 
  • As an added benefit, GAP Advantage will help you get back on the road more quickly by providing a $1,000 allowance to finance a replacement vehicle with us.

How it works

  • You owe $14,000 on your vehicle, and it’s damaged beyond repair in an accident.  After subtracting your deductible, the insurance company awards you $11,000 for the damage.

                    Without GAP, you would pay out of pocket to cover the remaining $3,000 loan balance. 
                                 Your loan balance......................................$14,000 
                                 Your insurance company pays................... <$11,000> 
                                 Loan balance (out-of-pocket expense)….......$3,000 

                     With GAP Advantage, your remaining loan balance is paid, PLUS you get $1,000 to finance a replacement vehicle with us. 
                                  Remaining loan balance..................................................$3,000 
                                  GAP benefit.................................................................<$3,000> 
                                  Out-of-pocket expense....................................................$0 
                                  GAP Advantage benefit (for replacement vehicle).....$1,000

The purchase of GAP is optional.  Whether or not you purchase GAP will not affect your application for credit or the terms of any existing credit agreement you have with our institution.  There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under GAP Advantage.  You should carefully read the contract for a full explanation of the terms.

Skipped or missed payments, late charges, refundable service warranty contracts, other insurance-related products, and interest charged after the date of loss will be deducted from the GAP Advantage settlement. 
*Vehicle must be financed at your financial institution to be eligible for the purchase of GAP. 

While your GAP coverage provides financial peace of mind in case of a total loss, you also have an additional benefit working for you in case a smaller accident or damage to your vehicle requires you to file a claim on your primary auto insurance.  Auto Deductible Reimbursement may help offset the amount of your deductible, up to $1,000 per loss, and is an added benefit of your GAP Advantage agreement.

Auto Deductible Reimbursement (ADR):

Auto Deductible Reimbursement (ADR) works just like its name- if you have to pay your deducible, you may be reimbursed up the amount of that deductible payment, up to a maximum of one thousand ($1,000) per loss during the coverage period.  To be eligible for reimbursement you must own or lease and insure the Covered Auto under an Auto Insurance Policy designating you as the Auto Policy Named Insured.

·     Pays up to one thousand dollars ($1000) per Loss (limit of two losses per year) when a Loss is filed and paid by the Auto Insurance Company for the Covered Auto you own or lease evidenced by the title, registration or loan document, AND insured under an Auto Insurance Policy designating you as the Named Insured.

·     Coverage is effective upon date of enrollment and will continue for two (2) years.

·     Loss means an event for which the Auto Insurance Company has approved and paid a collision or comprehensive claims with exceeds the Auto Insurance Policy deductible for the Covered Auto.




Personal ID Restoration Consulting: with Personal ID Restoration Consulting, you now have the peace of mind of knowing that a professional is standing ready to help restore your good name if identity theft strikes.

Warranty Vault: Help protect your purchases . . . the Warranty Vault makes it quick and convenient!

Warranty Vault provides an on-line storage & organizing service that helps You to take full advantage of Your warranties for consumer products you have purchased. With minimal key strokes, you can enter, upload & store vital information about your warranty(s) and access this information 24/7 at one central location.

We’ll keep everything on file for you, like your sales receipts and copies of your warranty(s). No need to spend time digging through your drawers & files to find the information needed to utilize your warranty(s). They are now stored in one easy to use location.

This summary is a brief overview of the program and is not to be considered a full disclosure of policy terms. Please refer to the Terms and Conditions for complete forms, conditions, limitations, definitions, and exclusions.

Major Mechanical Protection (MMP) Overview

You don’t need a new car to get new car peace of mind

The average new car is out of warranty in just two and a half years, and as time goes on, the likelihood of mechanical failure on your vehicle is inevitable. Advanced electronics, complex systems, and rising labor costs mean that a repair that might have cost hundreds of dollars a few years ago may now cost you thousands.  Below are some typical cost examples:
  • Transmission …….………..$3,084
  • Air Conditioning…………..$1,217
  • Timing Belt…………...…...$802
  • Front Brakes…………..……$931
  • Seals and Gaskets……..… $1,050
  • Engine…………………….....$7,066

With Major Mechanical Protection (MMP), you can protect yourself against these expensive repairs

Plans are available for most new and used domestic and imported vehicles, and MMP is affordable – the total cost of MMP is often far less than the cost of a single repair! Having this coverage extends the life of your vehicle and your budget.  Pay for MMP once, and in most cases you will not have to pay anything more than a small deductible should a breakdown occur.

The best time to invest in a mechanical repair program is when you first buy your vehicle. So before you commit to any other program, compare it to our MMP. We believe you will find this program to be the value-packed winner!

The purchase of MMP is optional. Whether or not you purchase MMP will not affect your application for credit or the terms of any existing credit agreement you have with our institution. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under MMP. You should carefully read the contract for a full explanation of the terms.

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Complete the form below for more information about our products and services or call 800.948.6677 to speak to a licensed agent.

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