Contact your Credit Union for further information. Credit Life Option Credit Life insurance is designed to pay off your entire loan balance if you die. Contact your Credit Union for further details. If your insurance company declares your vehicle a total loss from a collision, theft, etc., GAP insurance is designed to cover the difference between the fair market value of your vehicle and your loan balance. The insurance can be purchased for a small premium that can be added to your loan within 12 months of the inception date of the loan.
GAP insurance is available on new and used vehicles.
Mechanical breakdown insurance is an extended warranty the Credit Union makes available to its members on their auto loans. The premium for the coverage is added to your loan and amortized over the term of your loan. You can take your vehicle to a repair facility of your choice. Have the service department contact the national claims area for an authorization before the repairs are done. No worry, no hassle.