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A
GAP
Policy
can
help
protect
you
from
having
to
make
loan
payments
on
your
vehicle
if
it’s
totaled
or
stolen
and
not
recovered.*
Most
cars
depreciate
by
thousands
of
dollars
as
soon
as
they
are
purchased.
Unfortunately,
if
your
vehicle
is
stolen,
accidentally
damaged
beyond
repair,
or
otherwise
declared
a
total
loss,
you
are
still
liable
to
pay
the
difference,
or "gap",
between
your
insurers
settlement
and
your
loan
balance.
That
gap
will
come
out
of
your
pocket
for
a
vehicle
that,
for
all
practical
purposes,
no
longer
exists.
GAP
is
the
coverage
that
pays
the
potentially
high
cost
difference
between
your
insurance
settlement
and
your
loan
balance
on
items
directly
related
to
the
purchase
of
the
vehicle.
Plus,
coverage
also
includes
up
to
$1,000
toward
your
downpayment
on
a
replacement
vehicle!
(where
allowed
by
law
and
when
financed
through
the
credit
union.)
The
peace
of
mind
of
Guaranteed
Asset
Protection
can
be
purchased
for
a
one-time
payment
of
$275.
Call
323-505-2600x106
to
find
out
more.
Mechanical
Repair
Coverage
Please
call
for
a
brochure
outlining
the
coverage
levels
available!
323-505-2600
x 106
*BE
SURE
TO
CAREFULLY
READ
YOUR
MEMBER’S
CHOICE
GAP
WAIVER.
MEMBER’S
CHOICE
Guaranteed
Asset
Protection
is
a
debt
cancellation
product
made
available
through
Cal
State
LA
Federal
Credit
Union
and
administered
by
CUMIS
Insurance
Society,
Inc.
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