GAP - Guaranteed Auto Protection
An auto starts depreciating as soon as you buy it, with the most drastic loss in value occurring as you drive off the lot and the vehicle goes from "new" to "used." The time for you to protect your new asset is now!
GAP is designed to protect an owner's equity in the event of a total loss of the vehicle.
The value your insurance company places on your automobile may be less than the amount you owe. Vehicle insurance may not compensate you fully for your loss, but only for what is considered "fair market value" - in many cases that is less than what you will need to pay off your loan. GAP covers that "gap" between your insurance company compensation and your loan balance, allowing you to start fresh with a new vehicle.
The value your insurance company places on your automobile may be less than the amount you owe. Vehicle insurance may not compensate you fully for your loss, but only for what is considered "fair market value" - in many cases that is less than what you will need to pay off your loan. GAP covers that "gap" between your insurance company compensation and your loan balance, allowing you to start fresh with a new vehicle.
The benefits to you:
- GAP helps pay off your loan balance if your vehicle is stolen or damaged and deemed a total loss.
- GAP helps clear your credit, allowing you to start fresh with a new vehicle.
- GAP may even cover your insurance deductible, depending on your State.
- GAP claim filing is easy.
First Service has partnered with one of the most well known and financially sound insurance companies in the world for its GAP program. GAP coverage can easily be included as a small addition to your monthly loan payment. For more information or to sign up, visit your branch office or call 614-836-0100 and ask for a Loan Representative today.
Extended Warranty
Even the most reliable vehicle can develop a mechanical problem. No matter where you travel in the United States, you're protected against major mechanical expenses, and there is no deductible on covered parts or labor. All of our plans come with Rental Car Allowance and 24 hour/7 days a week Emergency Roadside Service. An Extended Warranty can easily be included as a small addition to your monthly loan payment. For more information or to sign up, visit your branch office or call 614-836-0100 and ask for a Loan Representative.
Credit Disability & Credit Life Insurance
Help protect your auto loan. There's no way to predict an injury, illness or an unexpected death, but you can take steps to make sure your family is provided for if the unexpected were to happen to you. Credit Disability and Life Insurance may help to make your loan payment to make life easier for you and your loved ones.* The premium may be included with your monthly payment. By taking a few simple steps while signing your loan paperwork, you're helping take responsibility for your family's financial future.
*Up to your policy maximums; per terms and conditions and exclusions on your Credit Insurance Certificate.
TruStage™ Auto Insurance Program
Working with carefully selected auto insurance partners, the TruStage Auto Insurance Program can provide discounted rates for credit union members, online services, and 24/7 claims service. If you haven't compared auto insurance lately, it's a great time to take a look. Your credit union membership could result in some nice savings. Get your free quote today or call 1-855-483-2149.
TruStage™ Auto Insurance program is offered by TruStage Insurance Agency, LLC and issued by leading insurance companies. Discounts are not available in all states and discounts vary by state. The insurance offered is not a deposit and is not federally insured. This coverage is not sold or guaranteed by your credit union.
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