Credit Protection 2018-02-09T15:03:24+00:00

CREDIT PROTECTION

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Peace of Mind

Your peace of mind is our top priority. East Idaho Credit Union offers credit protection options to protect you against the unforeseen. Things happen… but don’t let an accident cripple your financial situation. Visit your local branch today and let them know that you want to add a credit protection product to any of your existing loans.

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GAP PLUS
Mechanical Breakdown Protection
LOAN PROTECTION

GAP PLUS

East Idaho Credit Union’s Guaranteed Asset Protection Plus (GAP Plus) is a way to help protect your vehicle loan. Many times primary auto insurance settlements don’t pay off your loan balance. When you buy a new or used vehicle, there’s no way to know if it will be stolen or totaled in an accident. With GAP Plus, you’re protecting your vehicle against a possible financial loss.

Fill the gap between the depreciated value of your vehicle and the remaining balance of your loan with EICU’s GAP Plus.

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Auto Small RV RV Watercraft
Maximum Benefit $50,000 $50,000 $50,000 $50,000
Maximum Loan to Value 125% 125% 125% 125%
Maximum Loan Term 84 Months 84 Months 144 Months 144 Months
Maximum Loan Amount $100,000 $100,000 $125,000 $50,000
Ultimate Guard Preferred Guard Classic Guard
New Coverage Terms Up to 8 Years & 125k Miles N/A N/A
Used Coverage Terms Up to 48 Months/48k Miles Up to 24 Months/48k Miles 24 month/24k miles, 36 month/36k miles
Deductibles Up to $100 Up to $100 Up to $100
Consequential Damage, Sales Tax, Fluids, Diagnostics Authorized on all covered failures. Authorized on all covered failures. Authorized on all covered failures.
Luxury Electronics Included

Included GPS, NAV, internet access systems, back-up cameras, phone.

Optional

GPS, NAV, internet access systems, back-up cameras, phone. Surcharge applies

N/A
Commercial Use Surcharge applies Surcharge applies Surcharge applies
Lifted Vehicle Surcharge applies Surcharge applies Surcharge applies

MECHANICAL BREAKDOWN PROTECTION

Mechancial Breakdown Protection (MBP) is a complete line of coverage designed to keep your vehicle on the road. Even the most reliable vehicle can develop a mechanical problem, that’s why so many people depend on MBP.

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LOAN PROTECTION

CREDIT LIFE INSURANCE

There’s no way your family can predict your unexpected death, but you can take steps along the way to make sure your family is provided for if the unexpected occurs. Credit Life Insurance may help pay your loan, so your loved ones don’t have to.*

CREDIT DISABILITY INSURANCE

There’s no way anyone can predict a total disability due to injury or an illness, but you can take steps along the way to make sure your family is provided for if the unforeseen were to happen. East Idaho Credit Union’s Credit Disability Insurance may help make your loan payment when you and your family need it most.*

*Up to your policy maximums: per terms and conditions and exclusions on your Credit Insurance Certificate.
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HOW DOES CREDIT LIFE INSURANCE WORK?

The premium is included in your monthly loan payment. If you have a balance on your loan at the time of your death, Credit Life Insurance may help.* By taking a few simple steps while signing your loan paperwork, you’re taking responsibility for your family’s financial future. Your loan officer can show you how. You won’t receive extra bills or statements; everything is included in your monthly payment. You can cancel coverage at any time if you change your mind. If coverage is canceled within the first 30 days you will receive a full refund. If at any point you have questions, or if your family needs to file a claim, simply contact your local East Idaho Credit Union branch. Coverage is immediate for eligible borrowers.

WHY IS CREDIT LIFE INSURANCE VALUABLE?

Your family may not have to make loan payments -Credit Life Insurance may help pay off the loan. That means your family can use savings, salary or other life insurance for other important things. East Idaho Credit Union’s Credit Disability Insurance may help make your loan payments if anything ever happens.

HOW DOES CREDIT DISABILITY INSURANCE WORK?

The premium is included in your monthly loan payment. If you have a balance on your loan at the time of a total disability East Idaho Credit Union’s Credit Disability Insurance may help.* By taking a few simple steps while signing your loan paperwork, you’re taking responsibility for your family’s financial future. Your loan officer can show you how. You won’t receive extra bills or statements; everything is included in your monthly payment. You can cancel coverage at any time if you change your mind. If coverage is canceled within the first 30 days you will receive a full refund. Coverage is immediate for eligible borrowers.

WHY IS CREDIT DISABILITY INSURANCE VALUABLE?

Some disability insurance pays only a fraction of your salary, and that’s if you qualify. East Idaho Credit Union’s Credit Disability Insurance may help make your loan payments while you’re totally disabled due to a covered illness or injury.* That means you and your family can use your savings for other important things.