Frankenmuth Credit Union Go to main content
FacebookInstagramTwitterYouTube
Home > Loans > GAP & Credit Insurance

Protect Your Future

None of us know what the future holds, but why not protect yourself from those "what if's" that can happen? 

GAP (Guaranteed Asset Protection)

If your vehicle is stolen or totaled in an accident, most insruance companies will only pay its cash value. If you're still making payments on your vehicle and the current balance of your loan is above your vehicle's cash value, you're liable for the difference. That can amount to thousands of dollars. 

GAP protection can waive all or a part of your remainting loan balance. In some states, GAP can even cover a portion of your deductible as well! With GAP Advantage you get an additional $1,000 toward the purchase or lease of a replacemnt vehicle if you experience a total loss due to an accident or unrecovered theft. Click here for a quote or more information.

 

Credit Insurance

When the unexpected happens, the last thing you need to worry about is how to afford your vehicle. With Credit Insurance, you can cancel or suspend your loan without penalty or added interest in the event of a major life event. Covered events may include hospitalization, death, disability, involuntary unemployement, or family medical leave. Click here for a quote or more information.

 

Go to main navigation