Will insurance pay off your loan if your car is totaled? Most people believe if their vehicle is totaled or stolen, their primary insurance will pay of their loan/lease balance. Think again!
If your vehicle is totaled or stolen, your primary insurance carrier will usually pay only the actual cash value (current market value) of your vehicle less your deductible. This amount could be substantially lower than your loan/lease balance. The difference could mean thousands of dollars out of your pocket.
Why buy GAP?
- It pays off your loan/lease balance should your automobile be stolen or damaged and is a total loss
- Clears your loan balance allowing you to start fresh with a new vehicle purchase
- Can be included as a small addition to your monthly loan payment.
- Talk with your TelComm CU Loan Officer for more information.
Route 66 Extended Warranty
A comprehensive mechanical breakdown coverage for all makes and models of automobiles—this coverage helps you enjoy your new purchase and maintain “Peace of Mind” because even the most reliable vehicle can develop a mechanical problem. This is why so many people have come to depend upon Route 66 Extended Warranty.
No matter where you travel in the United States you are protected against major mechanical expenses, and there is no deductible on covered parts or labor. Contact them at 1.800.808.0828 or visit route66warranty.com
Accidental Death & Dismemberment Insurance
TelComm CU has partnered with Affinion US to provide Accidental Death & Dismemberment Insurance to members at the member’s expense for those who are interested in protecting their assets and loved ones.
For more information email firstname.lastname@example.org
For help with Insurance policies:
If you are an individual who is enrolled in coverage and would like to make changes or update your information, please call our Customer Contact Center 1-800-252-2148 or email us at email@example.com.
Please have your policy ID number available.
You can find that information on your billing statement.
Credit Life & Credit Disability
There is no way to predict an injury, illness or other unexpected life event. You can take steps to protect your family if the unforeseen happens. Credit disability and credit life insurance may help reduce or pay off your covered loan, up to the policy maximum, in the event of a covered life event, injury illness or death. You decide which payments you want to protect and the monthly premium may be added to your loan. Coverage is designed to fit your lifestyle, it is totally voluntary, it won’t affect your loan approval, and it’s simple to apply. You can sign up at your loan closing, or anytime you’d like.
For more information about Credit Life & Credit Disability Insurance, visit with any TelComm CU Loan Officer.