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GAP Protection

Smart coverage starts here.


What is GAP?

Guaranteed Asset Protection (GAP) insurance will cover any difference between your loan balance and the insurance payout for theft or total loss.

This type of coverage is a must have for any vehicle purchase, as it’s value drops significantly as soon as it is driven off the lot. If you don’t want to find yourself paying for a vehicle that you no longer have, GAP insurance is particularly important for those with:

  • The down payment for the vehicle amounts to less than a fifth of its value.
  • If your vehicle finance period is long - more than 36 months.
  • If the vehicle you have purchased is an expensive one, as expensive cars endure a greater loss of market value once they are driven out of showroom, and are also more attractive to car thieves.


In most circumstances, your vehicle is worth a lot less the second you drive it off the lot.

Protect the investment made in your vehicle with GAP Insurance.

Auto Deductible Reimbursement

We also offer Auto Deductible Reimbursement (ADR) as an addition to our GAP insurance.  This coverage adds a layer of protection to the individual where GAP provides coverage to a specific piece of collateral.

If a deductible expense is incurred on your auto policy, this coverage will:

  • Reimburse the Primary Borrower on the loan up to $500 per occurrence
  • Coverage is effective upon date of enrollment and will continue for three (3) years.

How To File An ADR Claim

Call the Claims Administrator at 800.711.4280 to request a claim form.  You must report the claim within ninety (90) days of the loss or as soon as reasonably possible.

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If you are using a screen reader or other auxiliary aid and are having problems using this website, please call 1-800-568-5711 for assistance. All products and services available on this website are available at all Levo Credit Union branch locations.

Routing Number: 291479974
NMLS: 441310
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