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GAP Insurance

GAP Coverage: Another way to say, "You're protected."

Our members are our number one priority, which is why we offer Guaranteed Asset Protection (GAP).

New and Used Vehicles Covered Under GAP

  • AutomobilesAutomobiles
    eg., Standard Vehicles
    & Passenger Vans
  • WatercraftWatercraft
    eg., Sailboats &
  • Power SportPower Sport
    eg., Jet Skis
    & Snowmobiles
  • Recreational VehiclesRVs
    eg., Fifth Wheel
    & Camper Units

Cover the Difference!

In the event that your vehicle is stolen and not recovered, or totaled in an accident, GAP coverage helps to cover the difference between the Actual Cash Value (ACV) of your vehicle and the unpaid balance that is owed to the Credit Union. This ACV is determined by your primary insurance company.

How GAP Can Help You.

Year 1, Vehicle Purchased
$35,000 Auto/RV Loan
$4,000 Paid toward loan
Year 2, Vehicle Stolen/Totaled
$30,000 ACV determined by primary insurance company
($2,000) Deductible
$28,000 Payout from primary insurance
Summary: $31,000 owed on Loan
- $28,000 paid from primary insurance
= $3,000 unpaid loan balance
GAP helps cover the $3,000

It's simple, stop into a local branch or contact us at 844.ADVIA.CU (844-238-4228) to add GAP coverage today.

Be Prepared, Be Protected!

At Advia we make being protected affordable. Right now, GAP policies are as low as $389; however, members may pay less after qualifying for a discount. Standard policies cover up to 84 months, or the end of the loan, whichever comes first. On average, a GAP policy can cost you as low as $0.15 a day.

Discover how $0.15 a day can save you thousands.

Cost Term
$389 84-month policy
Or $56 per year
Or $4.63 per month
Or $0.15 per day

Save even more!

If you have an Advantage Plus, e-Checking, or Advantage Checking account you may be eligible to receive a $25 discount on your policy. Learn more about our Member Advantage Checking accounts.

Add GAP Anytime!

No Application Fees

We Make It Easy!

Add GAP when you get your new loan and we'll make it part of your monthly payment.

It's Not Too Late

It's Not Too Late!

Even if you've already made your purchase, you can still add low cost GAP insurance by making a one-time payment.

Have additional questions, stop into a local branch,
or contact us at 844.Advia.CU (844-238-4228)

How to file a claim

  • 1
    Step 1
  • 2
    Step 2
  • 3
    Step 3

Step 1: Notification

Notify Advia Credit Union that a Total Loss or Theft Loss has occurred. Call 844.ADVIA.CU (844-238-4228).

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Report the claim within 90 days

Step 2: Claim form

Complete a Claim Submission Form. Either download the form or log into your account at www.cunamutual.com, click on My Services then select GAP Notice of Loss.

Report the claim within 90 days

Step 3: Submit materials

Complete the following items and send to CUNA Mutual Group Claims Administration - Gap Claims via fax: 800-949-0551 or mail: CUNA Mutual Group Claims Administration - Gap Claims | P.O. Box 669 | Waverly, IA 50677-0669

Make sure oyu have everything

Include copies of the following:

Deductible Assistance (If applicable)

Your Claim Professional will advise you of any other documents that may be needed.