Loan Coverage

Optional loan protection products can be added to your loan for added peace of mind. Whether it's covering unexpected repairs, protecting against depreciation, or providing financial support in the event of a disability or loss, these extra protection services have made a real difference in our members' lives.

Ask a Guardian Lending Agent about Credit Life & Disability coverage—this optional protection not only adds a layer of financial security but could also qualify you for additional rate discounts on your personal loan.









Credit Life & Disability

Learn how adding Credit Life and Disability Insurance to your loan can help safeguard your finances, your family, and your peace of mind.

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GAP Insurance (Guaranteed Asset Protection)

Learn how GAP coverage can help bridge the difference between what your insurance pays and what you still owe on your collateral loan.

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Mechanical Breakdown Protection (MBP)

Keep your vehicle running smoothly and your wallet protected with MBP, a smart coverage option that goes beyond your manufacturer’s warranty.

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Depreciation Protection Waiver (DPW)

DPW is a product that may cover the equity of your vehicle in the event of a total loss.

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Got Questions? We've Got Answers.


GAP helps pay the difference between your remaining loan balance and your vehicle’s actual cash value (ACV) at the time of loss.

GAP Advantage offers a principal payment of $1,000 towards your next vehicle purchase when financed with Guardian Credit Union after a total loss. It must be financed within 90 days of the total loss.

No. Mechanical Breakdown Protection does not cover issues that existed before the contract became active or before the manufacturer's warranty expired.
Yes! With MBP, you can take your vehicle to any licensed repair facility in the U.S. or Canada. You're not limited to returning to your original dealership.
It’s ideal for borrowers who put money down, received a rebate, or traded in a vehicle—and financed less than 85% of the vehicle’s value. If you’ve built equity, DPW helps protect it.

  • GAP protects when you owe more than your car is worth.

  • DPW protects the value you’ve already built in your car.









*Exclusions may apply. See a Guardian Lending Agent for additional details, terms, and conditions.

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