Insurances

Coverage That Lets You & Your Family Rest Easy

Credit Life & Disability Insurance

Who would make your loan payments if you couldn't work due to a disability? Who would pay off your debts after your death so your family wouldn't have to?

There's an easy answer at SeaComm: Credit Life & Disability Insurance, underwritten by CUNA Mutual Insurance Society. You can count on this coverage to step in when you and your family need help the most. And it means your life and your dreams can go on...even when your income does not.

Enrolling in SeaComm's Credit Life & Disability Insurance can be as simple as checking a box and signing your name. Since coverage is available right at the Credit Union, there are no insurance agents to contact. The protection begins the moment you sign up.

Benefits include:

• Automatic eligibility for most borrowers
• Simple enrollment
• No medical screening
• Immediate coverage
• Premium can be included in your loan payment

Guaranteed Asset Protection (GAP)

Most cars depreciate by thousands of dollars as soon as they are purchased. Unfortunately, if your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared a total loss, you are still liable to pay the difference, or the "gap", between your insurer's settlement and your loan balance. That gap will come out of your pocket for a vehicle that, for all practical purposes, no longer exists.

What is GAP?

Gap is low-cost coverage that pays the potentially high-cost difference between your insurance settlement and your loan balance on items directly related to the purchase of your vehicle.

For just a few dollars a month, GAP can save you from making loan payments on a car, truck or other vehicle that's beyond repair, or stolen and not recovered.

It's easy to be covered.

You can sign up for GAP when you apply for your vehicle loan. There's no underwriting, no red tape, no hassles. And for you convenience, the amount can be rolled into your monthly loan payment. GAP is fully refundable if you cancel the coverage within the first 90 days.

Contact one of our loan officers for more information about the benefits of GAP.