You've just been in an auto accident. Besides the pain and aggravation that you experience, your insurance adjuster has just informed you that your car was only worth $10,000.00 and you owe $13,000.00. How are you going to pay the difference?

P.I.E. Credit Union now has a product available called GAP (Guaranteed Auto Protection). GAP is coverage for the difference between your insurance company's settlement and your loan balance, in the event of a total loss or stolen vehicle. In these instances, GAP will also pay up to $1,000.00 of your deductible. In the example above, GAP would have paid $3,000.00, plus your deductible. The Guaranteed Auto Protection coverage is available on any new or used vehicle loan with P.I.E. Credit Union for a one-time charge of $175.00. This coverage remains in effect for as long as you owe on your auto and the fee can be financed at the time the auto loan is made. Be sure to ask about this new product. The peace of mind that you will have while driving that new auto will be worth it!