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GAP Plus Protection

GAP pays the difference between the outstanding balance on your loan and the vehicle’s actual cash value, determined by your auto insurance carrier if your car is totaled. Another feature to GAP Plus is if your vehicle is totaled, you will receive $1,000 towards your next vehicle’s down payment. This feature is available for the life of the loan.

Protect what’s most important to you!

We now offer GAP Plus – what does this mean to you? If you finance a loan through Carpenters Credit Union, you can add our GAP Plus protection for $525. This amount can be added to your loan amount, so no upfront cost to you.

GAP Plus covers your deductible up to $500 per loss, unlimited times per year for three (3) years. This covers any car that is registered to yourself and you must be a Carpenters member. Even if someone else is driving your car and gets into an accident, your GAP Plus protection is still available*


Call the Claims Administrator at 877-296-4892 or go to to request a claim form. Notice of the loss must have been provided to the claims administrator within 90 days of the date of loss. To process a claim the claims administrator must receive a completed and signed claim form along with the following required documents, within 180 days of the date of loss.

  1. A copy of the automobile insurance policy declarations page in effect on the date of loss.
  2. A copy of the covered auto title or registration in effect on the date of loss.
  3. A copy of the estimate of repairs or the total loss statement.
  4. A copy of the claim payment check and/or settlement letter from the auto insurance company showing the amount that was paid and that the deductible was satisfied.
  5. A copy of the check, credit card charge, debit card charge or cash receipt showing the deductible was paid.
  6. Any other information that may reasonably be requested in order to process your claim.


Personal ID Restoration Consulting: with Personal ID Restoration Consulting, you now have the peace of mind of knowing that a professional is standing ready to help restore your good name if identity theft strikes.

*Carpenters members have sixty (60) days to sign up for GAP Plus. 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. This summary is a brief overview of the program and is not to be considered a full disclosure of policy terms. Please refer to the Terms and Conditions for complete forms, conditions, limitations, definitions, and exclusions.