Life happens. CSE is happy to offer the following insurance options to help protect your loan investment:
GAP (Guaranteed Auto Protection)
GAP is Total Loss Protection...and then some. The moment you drive your vehicle off of the lot, it depreciates about 20% on average. After that, you can count on roughly a 15% decline in value each year after for the next four years. If your vehicle is stolen or damaged and deemed a total loss, you are responsible to pay the difference between what you owe and what your insurance company says your vehicle is worth.
GAP can help cover the difference and potentially save you thousands of dollars.
Life is anything but predictable - credit life and disability insurance is a smart way you can help protect your loan should the unforeseen occur. Anyone could pass away or become disabled unexpectedly. If you could no longer make your loan payment, would you want to leave your family with that responsibility? With the purchase of credit insurance, you can take comfort in the knowledge that this coverage may help reduce or eliminate your outstanding loan balance or help make your monthly loan payment in the event of your covered death or disability. Since you only buy the amount of insurance needed to cover your loan, credit insurance may even cost less than other insurance available to you. And, credit insurance benefits are paid in addition to other insurance or company protection you may have.
Once you've decided to purchase credit insurance, for as little as pennies per day above the cost of your loan payment, you can rest easy knowing that the extra care you put into protecting your loan can help you when you need it most.
Vehicle Warranty Insurance
Protect yourself against costly mechanical breakdowns. When buying any vehicle, there is always a chance of having a mechanical breakdown. However, you will have peace of mind knowing that most problems can be taken care of with an Extended Service Contract that can be built right into your auto loan. At a very affordable price, that could be as low as pennies a day, your vehicle can be protected from the unexpected. When an unforeseen repair is required, the first thing you can reach for will be your vehicle warranty insurance plan. Benefits include:
- Nationwide Coverage
- Towing, Rental, & Trip Interruption
- Lost Key/Locked Out Assistance
- Road Hazard Tire Assistance
- & many more...
Never worry about expensive failures again!
For cost and complete details of any of these loan insurance products, contact your loan officer.
The products offered:
- Are not federally insured
- Are not obligations of the Credit Union
- Are not guaranteed by the Credit Union