GAP
Protection
Do you ever wonder if your auto insurance would fully cover
you in case of a major accident? In some cases, it won’t.
If the amount of your loan is greater than the value of your vehicle,
chances are that your auto coverage won’t pay the difference.
That’s why there’s Gap Insurance.
The Gap Protection Program protects you by covering the difference
between the insurance settlement and your loan payoff in the event
of an insurance shortfall by your primary insurance company. GAP
also covers the insurance deductible up to $1,000. In addition,
GAP Plus from Shell New Orleans Federal Credit provides an additional
$1,000 toward your next vehicle financed with us.
Gap Protection limits out-of-pocket expenses in the event of
a total loss. In addition, financial hardship and a damaged credit
rating can be prevented.
Now Gap Protection is available when you finance your vehicle
at Shell New Orleans Federal Credit Union. Car dealers often charge
up to three times more for the same coverage. Because Shell New
Orleans Federal Credit Union is a not-for-profit entity established
for the benefit of our Members, the cost is much less--much like
the Auto
Warranties offered through your credit union.
Now you can get the same GAP Protection offered by car dealers
at a fraction of the price. If your car is financed with Shell
New Orleans Federal Credit Union, talk to us about this important
coverage. When purchasing your next vehicle, save money, time
and stress by financing with us.
For more information, please feel free to contact one of our
Member Service Representatives at 504-728-4853 or toll free 1-866-367-6928.
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