Help your members bridge the “gap” between the amount they owe and the amount the automobile insurance company pays in the event that their vehicle is stolen or totaled.


Eligible vehicles include:

  • Automobiles (including light trucks and vans)
  • Motorcycles
  • Snowmobiles
  • ATVs
  • Recreational vehicles
  • Watercraft (including jet skis)


The benefit amount is calculated as the difference between the actual cash or market value of the vehicle (as established by the member’s automobile insurance company) and the loan or lease pay-off amount. It includes the member’s insurance deductible up to $1,000.


GAP Plus pays a $1,000 credit toward the purchase of a replacement vehicle financed at the credit union.


The fee for a GAP contract can be conveniently added to the member’s loan contract.


Contact Insurance Trust today for more information at 207-773-0925 or