In today’s world cars are depreciating faster than people are paying off their vehicle loans. This means that in the event you are in an accident and your vehicle is totaled you may owe more on your vehicle than the insurance is willing to give you to pay off the loan. GAP insurance can help protect you in the event that your vehicle is lost, stolen, or totaled. For a one-time cost of only $450 you will be covered for the difference of the market value of your vehicle and what the insurance will give you in the event of a loss.
With the GAP advantage you automatically get $1,000 to use on the purchase of your next vehicle as long as you finance with Quaker Oats Credit Union within 90 days.
For more information click here.
Included with your purchase of GAP insurance!
Quaker Oats Credit Union is proud to now offer our members an Auto Deductible Reimbursement Insurance that will help cover out-of-pocket expenses, such as your insurance deductible, when you have an accident or mishap with your vehicle.
Here are a few of the details:
Not only does this insurance cover deductibles for the vehicle you have a loan on but it will also reimburse you for insurance deductibles that you have to pay on all other vehicles, as long as those vehicles are titled in the same person’s name that is listed on the GAP policy.
For more information click here.
Quaker Oats Credit Union offers Credit Life Insurance on all our loans to help protect your home and family if you can’t be there for them. If you pass away during the period of a loan, Credit Life Insurance will pay off or reduce your remaining loan balance.
Please contact the credit union for more information on Credit Life Insurance.
Quaker Oats Credit Union also offers Credit Disability Insurance on all our loans to help make your loan payments in the event you become disabled or go off work for medical reasons for at least 14 consecutive days. This insurance will continue to make your loan payments until you return to work.
Please contact the credit union for more information on Credit Disability Insurance.