Gap Insurance: - All Elko Federal Credit Union auto and recreational vehicle loans have GAP insurance available for purchase at very low cost. The GAP protection policy provides your auto or recreational vehicle loan with added insurance in the event that fair replacement value becomes less than the loan balance. In the event of a total loss of the asset, your insurance company may not pay a benefit large enough to payoff your loan. The GAP policy would cover any remaining amount owed in this situation. Elko Federal Credit Union offers this insurance protection for a very low one time premium.