If you purchase Guaranteed Asset Protection for your new vehicle, that means you aren’t on the hook for loan payments if your vehicle is in an accident and deemed a total loss. Guaranteed Asset Protection covers the difference between the remaining balance on your vehicle and your vehicle insurance payout, if it’s less than what you still owe on your vehicle. GLCU offers GAP Plus, which means you also get Deductible Assistance, to cover the cost if your paid collision claim incurs a deductible.