Protection That Picks Up Where Auto Insurance Leaves Off
Suffolk Federal offers Guaranteed Asset Protection (GAP) to our members for only $499—which can be included in your loan financing.
If your vehicle is totaled or if your vehicle is stolen and not recovered, your insurance company is only required to pay for the actual cash value of your vehicle or fair market value. If this incident occurs, there may be a difference between the value of your vehicle and the amount owed on your vehicle. GAP is designed to help cancel the difference between your vehicle’s actual cash value and your loan balance.
- 90-day trial period cancel option.
- GAP can help lighten the financial burden for you and the people you care about.
- Available to purchase anytime during the life of the loan.
Less financial stress if you’re involved in a vehicle accident? We see it too.
For additional information on Guaranteed Asset Protection (GAP), call 631.924.8000 to speak with a Suffolk Federal representative.