Guaranteed Auto Protection "GAP" offers additional protection against financial liability for members who finance a new or used vehicle.  In the event your vehicle is stolen and never recovered, or damaged beyond repair (totaled), GAP takes over where your car insurance leaves off, covering the deficiency balance.  In the event of a total loss, you will receive $1,000 toward the purchase of another vehicle when you finance with Greater Kentucky Credit Union. You can purchase GAP along with your new or used auto loan.  Since your vehicle begins to depreciate immediately after you purchase it, often your auto loan amount exceeds the actual market value of your car.  If it were stolen or totaled, you would be liable to pay the difference between your insurance settlement and your outstanding loan or lease balance.  GAP covers that difference, plus your deductible. Some restrictions apply. To add GAP Insurance to an existing auto loan or for a free, no obligation quote, contact a Member Service Representative at any of our locations.