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.

GAP offers:

  • 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.

Your purchase of Guaranteed Asset Protection (GAP) is optional and 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 your loan amount 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-1653554.1-1116-1218