Protect Your Investment
Belco offers Guaranteed Asset Protection (GAP) Plus, which pays the difference between the outstanding loan balance and auto insurer’s settlement, in the event your vehicle is stolen or totaled. Belco’s GAP Plus also provides $1,000 toward the purchase of your next vehicle, if financed with Belco within 60 days of the claim. There is also a maximum benefit of $500 that members can receive, for Motor Vehicles only, in order to help in paying your insurances’ deductible. This is automatically offered in the purchased GAP Plus product.
Belco’s GAP Plus can cover loans secured by
- Motor Vehicles (passenger cars, vans and light trucks)
- Power Sports (motorcycles, ATV’s, snowmobiles, personal watercraft/jet skis)
- Watercraft (boats)
- Recreational Vehicles (All RV’s/Campers/Motorhomes)
You get all of this protection for a small flat fee. Check your options before shopping for your next auto. Stop by any branch or contact us at 800-642-4482 for more information or to add GAP protection to your existing vehicle, motorcycle or RV loan.