Auto Exam offers a program to credit unions to help protect their member against the GAP that exists between the vehicle loan amount and its ACV (actual cash value). During the first few years you own your vehicle, your loan balance may be higher than the actual cash value. If your vehicle is stolen and not recovered or totaled in an accident you would be responsible for that difference. GAP covers the difference between the market value of your vehicle and the loan balance, less delinquent payments, late charges, refundable service warranty contracts and other insurance related charges. GAP will also cover your insurance deductible, up to $1,000.00, if a deficiency exists.  Today with more consumers not putting any money down on vehicle purchases, GAP coverage is a must.