GAP & Mechanical Insurance
For many people a car may be the largest purchase they make. Make sure you have the coverage you need.
Protection for Your Investment
Having a big part of your income riding on four wheels means that if your car gets stolen, breaks down, or becomes totaled, it won’t only break your heart; it could hurt your finances. As a Corning Credit Union member we can offer you affordable GAP and Mechanical Repair Coverage.
Mechanical Repair Coverage:
- Covers mechanical repairs, rental reimbursement, 24-hour roadside assistance, and emergency travel expenses.
- Available for any eligible vehicle up to 12 years old with 120,000 miles or less.
- The cost can be included in your monthly loan payment.
- Good at any licensed repair facility.
- If your vehicle is stolen or totaled, this coverage pays the difference between the insurance settlement and the amount that you still owe on your vehicle loan.*
- For only $325, GAP can be added to a CCU vehicle loan and must be purchased within the first 90 days.
*GAP Insurance covers up to 125% of the vehicle value and there is a $25,000 maximum.