Just Bought a New Car? What If It Gets Stolen?
Consider GAP Insurance
Most cars depreciate thousands of dollars as soon as they leave the
dealers lot. Unfortunately if your car is stolen, accidentally damaged
beyond repair or otherwise “totaled”, you are still liable to pay the
difference or “gap” between your insurers settlement and your loan
balance.
While your auto insurance covers
replacement costs, you're still responsible for paying any difference
between what you owe on your vehicle loan and the insurance payout.
That's why you'll want to ask about MEMBERS CHOICE GAP Protection through
your Credit Union. For a few dollars a month, you're protected against the
unfortunate circumstance of owing money on a vehicle you no longer have!
What happens to your Credit Card Balances if you become permanently
disabled?
You can remove the financial burden from your family, protect your credit
standing, supplement your other benefits. It’s called “Members Choice
Payment Protection for Credit Cards. Call or stop in today to ask for
details!
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Interested in adding insurance to an existing Loan?
No problem, you can add GAP Insurance or Mechanical Repair Coverage to
your existing loan. Contact the Loan Department for more information.
 Just
Bought a New Car?
Get Mechanical Repair Coverage
Purchasing Mechanical Repair Coverage on a vehicle that is still cover by
the manufacturer’s warranty provides you with the most convenient, cost
effective way to ensure uninterrupted protection and peace of mind if you
own your vehicle past the Manufactures warranty.
Choose the price and protection plan that best suits your needs and you'll
never have to worry about costly car repairs again! Mechanical Repair
Coverage is available on both new and used vehicles. Ask your loan officer
for details!
Considering
Loan Insurance?
Our Loan Insurance Calculators can help you determine which insurance will
benefit you and how much you need for your loan.
Click
here to learn more.
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