| I Want To Personal Business Technology Community Locations mobile menu toggle | | Phone icon Guaranteed Asset Protection (GAP)*** Protect the investment in your vehicle Protect the investment made in your vehicle with Guaranteed Asset Protection (GAP). GAP protects the “gap” between the vehicle’s value and the amount you still owe. It’s a non-insurance product made available via a loan/lease deficiency waiver. GAP can give you peace of mind by protecting you against the financial burden associated with the loss of your vehicle. What does GAP protect? GAP is designed for your protection whether you finance or lease a new or used vehicle. Ask your loan representative if your vehicle type is eligible for GAP. How does GAP work? GAP protection goes into effect when you need it most. With GAP, you have one less worry if your vehicle is totaled in an accident and can’t be repaired, or stolen and isn’t recovered. GAP waives the difference between your primary insurance carrier’s settlement and the payoff of your loan. Included in this difference is your insurance deductible, up to $1,000****. You stay in the driver’s seat The following is a typical example of how GAP comes through for you: Original purchase price..............................................................$25,000 Loan balance after one year......................................................$20,000 Insurance settlement covering vehicle’s current value.........$16,000 GAP WAIVES THE DIFFERENCE....................................................$4,000 TOTAL GAP BENEFIT..................................................$4,000 Now with an added benefit Auto Deductible Reimbursement. Auto Deductible Reimbursement (ADR) Pays up to five hundred dollars ($500) per Loss (limit of two losses per year) when a Loss is filed and paid by the auto insurance company for a Covered Auto the Member owns or leases evidenced by the title or registration, AND insures under an Auto Insurance Policy designating the Member as the Named Insured. Loss means an event for which the auto insurance company has approved and paid a collision or comprehensive claim which exceeds the Auto Insurance Policy deductible for the Covered Auto. Coverage is effective upon date of enrollment and will continue for three (3) years. If the Member suffers a Loss during the benefit period which is covered by the Member’s Auto Insurance Policy, the Member may be entitled to reimbursement of the Auto Insurance Policy deductible amount up to five hundred dollar ($500) per Loss. To be eligible for reimbursement the Member must own or lease and insure the Covered Auto under an Auto Insurance Policy designating the Member as the Named Insured. Get a Quote For more information, please call 713-407-1755 or 1-800-392-5084. Above loan calculation based on 60 month loan at 6% APR. ***GAP and ADR are provided by Allied Solutions, a Provider of Smart Financial. ****GAP and deductible reimbursement benefits are available in most, but not all states. Please consult your financing representative for the availability of this important benefit. Related Links Mechanical BreakDown Protection Guaranteed Asset Protection Debt Protection Routing Number: 313083578 (713) 850-1600 6051 North Course Dr. Houston, TX 77072 infomain@smartcu.org About Smart Careers Foundation Locations Contact Us Terms & Conditions Privacy & Security Disclosures Help Copyright © 2021 Smart Financial Credit Union-Member NCUA, Equal Housing Lender Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. Routing Number: 313083578