In the event your vehicle is stolen, GAP insurance can cover up to 125% of your vehicle's remaining loan balance.
GAP Insurance protects you in the event your vehicle has been deemed a total loss. This can occur if your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared a total loss. The insurance settlement may not completely pay off the loan you have on your vehicle, but if you purchase GAP coverage, that remaining balance could be cancelled up to 125% of the value of the vehicle.
If you finance your replacement vehicle with WEOKIE within 90 days, GAP insurance will extend the coverage and apply an additional $1,000 towards the new loan through a perk called GAP Advantage with PowerBuy.
This protects all autos, ATVs, boats and RVs at a low, one-time cost - which can often be added to your overall loan amount.
Mechanical Breakdown Protection covers costly repairs to your vehicle, and is accepted at repair shops nationwide. We have multiple options available to fit your specific vehicle and budget. WEOKIE can typically add the price of a Mechanical Breakdown Protection to your overall loan, or you can opt to pay it out of pocket.
You can purchase this protection at any time, even if your vehicle is financed with another lender.
* This page highlights the benefits of WEOKIE’s Protection Plans. Please refer to the service contract for coverages, exclusions, terms and conditions.
1 Your purchase of Guaranteed Asset Protection (GAP) is optional and will not affect your application for credit or the terms of any credit agreement you have with us. Certain eligibility requirements, conditions, and exclusions may apply. GAP insurance is administered by a third-party provider, SWBC.
2 Mechanical Breakdown Protection is administered by a third parity provider, Old Republic Insurance Group. The Credit Union does not administer any portion of the warranty plan. Certain eligibility requirements, conditions, and exclusions may apply.