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Peace of Mind Products

When it comes to taking out a loan, peace of mind would be knowing that if the unthinkable happened, we would be covered. Gesa calls them "peace of mind" products; others call it loan protection. Whatever you want to call them, these products are designed to protect you—and your good credit—in case of the unthinkable. Just like a life jacket we issue our loved ones, our peace of mind products are provided "just in case."

GAP Protection and Auto Deductible Reimbursement

Guaranteed Asset Protection (GAP)

With the cost of today's new vehicles, there is often an initial “gap” between the full loan amount on your vehicle and the actual cash amount your insurance company would pay in the event of an unrecovered theft or total loss. This "gap" can occur during the primary years of the loan, when a loss would be the most devastating.

The GAP waiver protects you by offering coverage to bridge the "gap" between the vehicle's actual cash value and the balance of your loan, in case of total loss due to collision or other catastrophe. With a one-time fee, you can protect your vehicle and your loan.

GAP Advantage

In addition to GAP, GAP Advantage is an additional $1,000 benefit you can receive if you finance your replacement vehicle with Gesa within 90 days of the Date of Loss. This benefit is applied towards the amount financed on the replacement vehicle.

Auto Deductible Reimbursement (ADR)

Included with your purchase of GAP insurance!

Gesa offers members an ADR insurance that could cover out-of-pocket insurance deductibles when you have an accident or mishap with your vehicle.

  • Pays up to $500 per loss (limit of two losses per year) when a claim is filed and paid with their primary insurance carrier. Reimbursement will be equal to the covered auto deductible on the auto policy, up to $500 per loss.
  • A covered auto is any auto owned and insured by the member so they might have multiple eligible autos covered by one ADR*.
  • Coverage is effective upon the date of enrollment and will continue for two years.

Ask your Personal Financial Services Representative about GAP for your next vehicle loan!


Some restrictions apply.

Vehicle Service and Mechanical Breakdown Protection

For some of us, our vehicles are one of the priciest purchases we'll ever make. That's why making sure our investment is covered can be so important.

Extend the warranty of your new or used vehicle with an affordable vehicle service agreement, known as Mechanical Breakdown Protection (MBP). This program covers vehicles of any year, with any mileage. You can roll the economical cost into your Gesa loan without increasing the monthly payment, which makes it easy to say yes to this popular coverage. Some benefits of MBP include:

  • Rental car allowance
  • Emergency roadside assistance
  • Optional key/remote replacement of your covered vehicle and home lock out assistance (one-time fee of $50).

For more information, speak with one of our Personal Financial Services Representatives.

Personal Debt Protection

Life is unpredictable. Unexpected, real-life events could leave you scrambling to pay your monthly bills. ConsumerSafe Debt Protection can help relieve financial pressure in the event of death, disability, or involuntary unemployment. With ConsumerSafe Debt Protection, either your loan balance or monthly payments will be cancelled. You benefit from the peace of mind knowing you and your credit rating are protected.

Our three ConsumerSafe Debt Protection plans offer the following benefits:

BenefitPlan 1Plan 2Plan 3
Death Yes Yes Yes
Disability Yes Yes No
Involuntary Unemployment Yes No No

Credit Rating Protection: Being unable to work can devastate your good credit.

ConsumerSafe Debt Protection: Protect your credit rating by continuing to make monthly loan payments in case of total and continuous disability by a covered sickness, accident, or involuntary unemployment.

Availability: For closed-end consumer loans of 120 months or less and open-end loans.

Security for the Future: Don't allow sudden misfortune to threaten your family's financial security. Next time you apply for a loan at Gesa, say "yes" to ConsumerSafe Debt Protection.

For more information, speak with one of our Personal Financial Services Representatives by phone or at any Member Service Center.

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