GAP can eliminate the out-of-pocket expense members incur when their vehicle is stolen or totaled and the pay-off of the loan exceeds the actual cash value of the vehicle. In a market of decreasing used car values, GAP protects both the member, to pay off his loan, and the credit union to control delinquencies. It provides an affordable auto protection plan members will appreciate, while affording the potential for significant income to the credit union.

Unlike most products in the market, CRI Solutions’ GAP product provides coverage for up to 150% of MSRP or NADA. CRI Solutions offers its GAP clients a web-enabled software application that allows lenders to illustrate to their borrowers the potential GAP risk that could exist during the term of their vehicle loan.

GAP coverage is also available for recreational vehicles, boats and motorcycles.