Consumer Loan Payment Protection

Protect your vehicle investment with Guaranteed Asset Protection (GAP). If your new or used vehicle is stolen or involved in an accident, GAP can shelter you from a potential loan deficiency by covering the "gap" between the value of your vehicle and the amount you owe on the loan. GAP is designed for all drivers, whether you finance a new or used vehicle and covers automobiles, vans and light trucks.

GAP covers the difference between your primary insurance company's Actual Cash Value determination and the payoff of your loan.¹ Delinquent payments, late charges, refundable service warranty contract, other insurance-related products and interest charged after the date of loss will be deducted from the GAP settlement.
 
Should you suffer a total loss or unrecoverable theft, GAP provides an additional benefit of $1,000 toward the down payment for your replacement vehicle. To qualify for this benefit, the replacement vehicle must be financed with San Diego County Credit Union within 90 days of the date of loss.
 
Ask for GAP when you apply for an auto loan.

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Mechanical Breakdown Insurance (MBI), commonly referred to as an extended warranty, is designed to protect you from the high cost of repairing mechanical components due to mechanical failure.² All of our plans feature no deductibles. Your out-of-pocket expenses are limited to replacement fluids and sales tax on parts.

There are three plans available and eligibility is based on the year and mileage of the automobile. All plans reimburse the repair facility for the cost to repair a covered mechanical breakdown, less the replacement fluids and sales tax.

Additional protection on all plans includes:

• 24-Hour Roadside Assistance
• Car Rental
• Safe and Secure Package

MBI may be included in your auto loan payment or purchased separately for any vehicle financed with SDCCU. Call us at (877) 732-2848 or visit one of our convenient branch locations for program specific details and more information.

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Payment protection is available on auto or motorcycle loans, Visa credit cards, signature loans, share secured loans or recreational sports vehicle (RSVP) loans and can protect you in times of need by making your loan payments. Payment protection options are available as comprehensive plans or as single coverage options, and are available on loan terms up to ten years.

Payment protection is available for:

• Unemployment³
• Disability/Hospitalization
• Life/Terminal Illness

Call us at (877) 732-2848 or visit one of our convenient branch locations for program specific details and more information.

Apply Online