LOAN PROTECTION
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.
CHOOSE A CATEGORY
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.
| 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.
CREDIT PROTECTION
CREDIT LIFE PROTECTION
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 Protection may help pay your loan, so your loved ones don’t have to.*
CREDIT DISABILITY PROTECTION
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 Protection 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.
HOW DOES CREDIT LIFE PROTECTION 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 Protection 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 PROTECTION VALUABLE?
Your family may not have to make loan payments -Credit Life Protection 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 Protection may help make your loan payments if anything ever happens.
HOW DOES CREDIT DISABILITY PROTECTION 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 Protection 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 PROTECTION VALUABLE?
Some disability insurance pays only a fraction of your salary, and that’s if you qualify. East Idaho Credit Union’s Credit Disability Protection 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.