What is an example of how GAP Insurance works?
If your car’s current value is $20,000, but you owe $25,000 on the loan, gap insurance would cover the $5,000 gap, ensuring you don’t have to pay out of pocket in the event of a total loss accident.
Fraud Alert: Please contact us immediately if you have received a suspicious text message or email containing a “click here” link. Please be aware that SSSCU will NEVER CALL, TEXT, or EMAIL to request your login credentials, security codes, PIN, or card numbers. Protect yourself from impersonators and scams.
NETWORK MAINTENANCE: Saturday, June 13, 10:00 PM (PST) to Sunday, June 14, 2026, 4:00 AM (PST). Access to Online Banking, Mobile Banking, and the Voice Response system may be unavailable due to scheduled maintenance. We do not expect any disruption to Visa® Debit and Credit Card transactions; however, certain limits may be in effect during this time.
If your car’s current value is $20,000, but you owe $25,000 on the loan, gap insurance would cover the $5,000 gap, ensuring you don’t have to pay out of pocket in the event of a total loss accident.