You could lose more than your vehicle, boat, motorcycle, or RV if it is stolen or involved in a major accident. you could lose your investment. Because most insurance policies only cover the value of your vehicle - something that rapidly declines during the first few years of ownership - your loan or lease balance could be higher than the value of your vehicle. There could be a big difference between what your insurance will pay and what you owe on a loan.
Now you can protect your vehicle, boat, motorcycle, or RV with Guaranteed Asset Protection (GAP). GAP is a non-insurance product and is made available via loan/lease deficiency waiver that covers the "gap" between the vehicle's value and the amount you still owe. GAP protects you and your entire investment.
Balboa Insurance Guaranteed Asset Protection could save you thousands of dollars.
To update your Insurance information, please contact our Insurance Department by:
Insight Credit Union
P.O. Box 692397
San Antonio, TX 78269