Loan Insurance Credit insurance programs to protect you against the unexpected.
Credit Life Insurance- In the event of a death of one or both borrowers, this coverage will pay the balance of your loan in full. You won't have to worry about burdening your family with unpaid debts.
Credit Disability- If you become disabled and are unable to work, this coverage will make your loan payments until you return to work. Payments will begin from the date of disability.
GAP (Guaranteed Asset Protection) - GAP is designed to protect members against financial loss in the event their vehicle is stolen or declared a total loss due to an accident. GAP will pay the difference between the primary auto insurance carrier's settlement and the outstanding amount remaining on your loan balance directly relating to the purchase of the vehicle
Mortgage Protection Insurance- Similar to credit life and disability, however this insurance covers your mortgage. Life coverage will pay off your mortgage in the event of death, Disability coverage will make your mortgage payments while you are disabled.
Mechanical Repair Coverage (MRC)- Protection for both new and used vehicles with three levels of coverage to choose from depending on your vehicles equipment. The vehicle's age and mileage determines how much coverage is available to the member.
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Platinum |
Provides the most extensive coverage possible and eliminates claim misunderstandings |
Vehicle with 70,000 odometer miles or less and current through ten model years old |
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Gold |
Provedies coverage for ten major component groups, includes high tech items |
Vehicles with 90,000 odometer miles or less and current through ten model years old |
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Silver |
Provides coverage for nine major component groups. Economical coverage for base-model vehicles |
Vehicle with 100,000 odometer miles or less and current through ten model years old |
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