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At times throughout the time you own a vehicle, the amount that you owe to a financial institution, like E&G EFCU, is more than the actual NADA value of the vehicle. Your insurance company will normally pay you the value of your vehicle at the time of the loss, not what you owe. This can leave a gap of thousands of dollars you are responsible for.

Gap insurance is affordable coverage to insure the gap between what is owed on your vehicle and its actual value. So, if your vehicle is involved in a total loss (i.e. accident or theft) your insurance company covering liability and collision will pay up to the value of the car and Gap insurance will cover the rest.

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