Loan & Vehicle Protection

Protect against the unexpected.

Guaranteed Auto Protection (GAP)

What is GAP?

If your vehicle is stolen or totaled, your insurance company usually pays the actual cash value of vehicle less your deductible. This amount can often be much less than what you owe on your auto loan.  That’s called a financial gap – and it means you owe the difference between what you owe and what insurance paid.

GAP protects you from that financial gap in the event your vehicle is stolen or totaled.  Members can purchase GAP at a greatly reduced one-time cost of $400*.  Similar policies purchased directly from the dealer or an insurance company often cost $500-$700.

You don’t’ have to decide right away – you have up to 18 months from the time you open your loan to purchase GAP at this low, discounted rate. 

Consult a Loan Counselor for a complimentary GAP analysis.
410-828-4730  |  800-234-4730

*GAP pricing is subject to change without notice.

See How GAP Works to Save You Money

Extended Warranty

Steer clear of warranty worries!

Even the most reliable vehicle can develop a mechanical problem. Baltimore County Employees Federal Credit Union has you covered!  Our affordable extended warranty program offers three coverage options based on the vehicle’s age and mileage. 

This service, offered through Route 66 Warranty, is available on vehicles financed with us as well as other vehicles you own whether they are financed with us or with another lender.  And, because the service is linked to the vehicle and not the loan, members with existing auto loans financed with us or another lender are also eligible. 

There’s even a Power Sports Plan for motorcycles and other power sports vehicles!

Choose from three coverage options

  • No deductible on covered parts and labor
  • Emergency road services
  • 30-day moneyback guarantee if you have not submitted a claim

Talk with a Loan Counselor about adding coverage today.

Call 410-828-4730 or 800-234-4730.

Debt Protection

Life can be wonderful. But it can also get complicated when unexpected things happen. Like most people, your job and paycheck are the foundation of your family’s wellbeing. If you are unable to work, keeping up with household debt and bills could be very stressful.

Protecting your loan payments against death, disability, or involuntary unemployment could help protect your finances and give you peace of mind. Debt Protection works by cancelling your loan balance or payments (up to contract maximums) in the event of an unexpected life event. Purchasing protection for your loan is voluntary and won’t affect your loan approval. You may cancel the protection at any time.

Debt Protection is available for vehicle, personal, home equity loans and the VISA Platinum credit card. If you are interested, please ask your Loan Representative for a full explanation of the terms of Debt Protection.

Play Video about Debt Protection