Automobile Gap Insurance

Gap insurance comes in handy when your auto insurance does not cover everything in the event your vehicle is deemed a total loss. If you experience an auto accident or theft, your auto insurance policy will usually only cover the actual cash value or market value of your vehicle less a deductible. The settlement amount could be significantly less than the amount you owe to your lender or leasing company. The final result is a financial gap where you must make up the difference, which could mean thousands of dollars out of your pocket. For $195, an amount which can be rolled into the loan, you can be covered for auto emergencies like those above, when you finance your loan with RECU.

Loan Disability and Life Insurance

The disability and term life protection RECU offers helps to ensure that a physical and/or emotional tragedy does not have to become a financial one. If you become disabled due to a covered illness or injury, the disability protection makes your monthly loan payment. The term life protection reduces or pays off your eligible loan balance should you die before paying off the loan. Term life protection can be purchased for both the member and joint borrower on the loan. The benefits include automatic eligibility for most borrowers, no medical screening, immediate coverage, and premiums included in your loan payment when coverage is purchased at the time you finance your loan with RECU.

If you have questions about these loan insurance products, call 770-913-5484 or 770-913-5239.