GAP Insurance and Mechanical Repair Coverage

Insurance for What You Drive and Your Bottom Line

Your vehicle is important. It gets you to where you need to go every single day. But mechanical issues, accidents, and losses due to theft can be costly when the vehicle is worth less than what you owe. Local 804 FCU and TruStage^® are here to help with some affordable insurance options.

Guaranteed Asset Protection (GAP) Insurance

A vehicle begins to depreciate the moment you buy it. If your car is totaled or stolen, your auto insurance will only cover what the vehicle is worth, not what you owe. That means you could be left paying off the remainder of that loan. GAP insurance covers that gap, so you’re not left paying for a car you no longer have.

Available for auto, motorcycle, and other recreational vehicles (Some restrictions may apply).

Protects Your Finances: Avoid unexpected out-of-pocket costs if your loan balance exceeds your car’s depreciated value.
Covers Theft or Total Loss: Whether your vehicle is stolen and not recovered or involved in an accident and totaled, GAP keeps you out of financial hot water.
Deductible Assistance: In many cases, GAP may also help cover your auto insurance deductible (up to a certain limit), reducing your overall out-of-pocket expenses.
Flexible Payment Options: Choose to pay for GAP coverage upfront or conveniently roll it into your monthly loan payments when financing through Local 804 FCU.
Peace of Mind: Rest easy knowing you have an extra layer of protection in place for your investment.

Mechanical Repair Coverage (MRC) – Available only on Auto Loans

Every vehicle eventually breaks down. It’s just part of life. Now, you can protect yourself from costly repair bills not covered by auto insurance or the manufacturer’s warranty. It’s called Mechanical Repair Coverage (MRC), and it’s offered by TruStage® through Local 804 FCU.

Covers Major Repairs: Pays for repairs to engine, transmission, drivetrain, electrical systems, air conditioning, and more (depending on the level of coverage selected).
Reduces Out-of-Pocket Costs: You only pay a small deductible (often $0–$100, depending on the plan).
Includes Rental Reimbursement & Towing: Stay on the road with benefits like rental car reimbursement, 24/7 roadside assistance, and towing coverage.
Nationwide Protection: Coverage is valid at licensed repair facilities throughout the U.S. You’re protected even when traveling.
Transferable Coverage: If you sell your car before the plan ends, coverage may be transferred to the new owner, adding resale value.
Easy Claims Process: Hassle-free claims with direct payment to the repair shop.
Extended Coverage Beyond Manufacturer Warranty: Choose the level of coverage that works for you

Protect Your Financial Future

As a Local 804 FCU member, you have access to special GAP and MRC coverage with TruStage®, a trusted provider of credit union member protection. Connect with us and we’ll get you set up.