Members that obtain a loan from MountainCrest Credit Union have the opportunity to purchase Gap Coverage (Guaranteed Asset Protection), Mechanical Breakdown Insurance and Credit Security Protection at a significant cost savings.
Credit Security Protection
Life is unpredictable. You may worry about unexpected, real-life events that could leave you scrambling to pay your monthly bills. Credit Security Protection can help relieve financial pressure in the event of death, accidental death, disability, involuntary unemployment, family leave or hospitalization.
With Credit Security Protection, your loan balance will be canceled or your monthly loan payments suspended without penalty or added interest. You benefit from the peace of mind knowing you and your credit rating are protected. Get an on line quote, or simply ask your loan officer for details.
GAP Coverage
When shopping for a new vehicle, consider GAP coverage. GAP, or Guaranteed Asset Protection, is a supplement to your primary insurance. When you purchase a vehicle, in the first two or three years, depreciation occurs faster than the reduction in the loan balance. If a theft or total loss occurs, your insurance company will pay only the actual cash value of your vehicle. The actual cash value may not pay off the balance of your loan. You are left with a GAP, an unpaid balance still owing your lender.
The credit union offers GAP at a significant savings over the cost of the coverage at a dealership. Get an on line quote, or simply ask your loan officer. It is easy, inexpensive, and eliminates worry.
Mechanical Breakdown Protection
If you are purchasing a new or used vehicle, check out Mechanical Protection. Once your vehicle’s factory warranty is up, you could be stuck paying for costly repairs. Mechanical Repair coverage may eliminate your out of pocket expenses.
The credit union offers Mechanical Breakdown Protection at a significant savings over the cost of coverage at a dealership. Get an on line quote, or simply ask your loan officer for details.
