Prepare for unexpected costs
When the unforeseen happens to you, be ready with loan protection. It will help ensure that you and your family won’t have to worry about loan payments or other costs. Talk to a team member today about how we can help protect you from sudden loss and expenses.
GAP Insurance
In the event of a car accident, if your vehicle is considered a total loss, this optional protection will pay the difference between your loan balance and the amount covered by your primary payment protection carrier.
Debt Protection + Life Plus
Debt protection can help reduce or pay off your loan balance, up to the maximum limit should you or a co-borrower pass away. Debt protection can help make monthly loan payments up to the maximum limit should you become totally disabled until you are no longer disabled.
Mechanical Repair Coverage
As vehicles get older and miles add up, the likelihood of repairs increases. Mechanical Repair Protection can help you limit out-of-pocket costs for covered breakdowns.
Loan Protection FAQs
What is Guaranteed Asset Protection (GAP)
GAP helps protect members against financial loss if their GAP-protected vehicle is stolen or declared a total loss. This protection helps you to bridge the GAP between the amount you owe on your vehicle and the amount your auto insurance company will pay.
What is Debt Protection?
Your family means everything to you. And if the unexpected happens, you don’t want an emotionally trying situation to be compounded by financial worry. That’s why there’s Debt Protection, which may cancel your loan balance or payments in case of:
- Involuntary unemployment
- Disability
- Death
What is Life Plus?
For additional protections, Life Plus can extend your Debt Protection to address a wide range of circumstances, giving you the reassurance of knowing you’ve taken steps to help secure your finances.
- Accidental dismemberment
- Terminal illness
- Hospitalization or family medical leave
- Death of a non-protected dependent
How do I add Mechanical Repair Coverage?
Members can add this extended warranty to their automobiles regardless of where it is financed.
Get the most of your membership with Exclusive Perks
*Terms/Disclaimers: Subject to membership requirements. All credit union programs, rates, terms and conditions are subject to change without notice.