If you think that your auto insurance provides all of the protection that you need if your vehicle is stolen or damaged beyond repair, you could be in for an unpleasant surprise.
While auto insurance covers the replacement value of the vehicle, you may remain liable for the difference between the insurance payment and the remaining loan balance - which can amount to thousands of dollars.
With vehicle loan durations typically extending, the chance that a "gap" will occur between the outstanding loan balance and insurance payment is greater than ever.
Xplore Federal Credit Union can help you plan your family's financial future and preserve the standard of living you worked so hard to achieve. Check with your loan officer for more details on GAP insurance, including exclusions, limitations, and benefits.
Call a Member Service Representative at 504-728-4853 or 888-U-XPLORE (897-5673)
Stop by one of our three locations
Email us requesting more information regarding Credit Life and Disability Insurance
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Xplore Federal Credit Union, New Orleans, LA. Your savings is federally insured to at least $250,000 and backed by the full faith and credit of the United States Government - National Credit Union Administration (NCUA), a U.S. Government Agency. Xplore Federal Credit Union is an equal opportunity housing lender.
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