Loan Protection

Guaranteed Auto Protection (GAP) Insurance

Goldenwest offers Guaranteed Auto Protection (GAP) on most auto loans. GAP protects you against financial loss in the event that your vehicle is damaged beyond repair ("totaled") or is stolen and never recovered by paying the difference between the actual cash value of the vehicle and the outstanding loan balance at the time of loss. GAP is recommended for new car purchases and loans with a high loan to value ratio.

Credit Life and Disability (CLAD) Insurance

Credit Life and Disability (CLAD) will pay off an outstanding loan balance in the event that:

  • You become totally disabled due to a medically-determined sickness or an accidental bodily injury and are unable to work before the loan is completely repaid.
  • You die before the loan is completely repaid.

For more information about GAP or CLAD coverage, speak with a Goldenwest representative.