Insurance

Text Size:

Loans - Insurance

MEMBERS® Auto & Homeowners Insurance Program

You trust Heritage Credit Union to provide you and your family with quality products and services to meet your financial needs. We’ve joined with a dedicated team of insurance professionals to bring you the MEMBERS® Auto & Homeowners Insurance Program.

The MEMBERS® Auto & Homeowners Insurance Program is the property and casualty coverage solution preferred by credit unions and their members.
Access convenient e-service, pay your bill or make changes to your policy, even report a claim.
Receive fast, easy access to claims service 24 hours a day.
Obtain a free, no-obligation quote.

Click here to start saving!

Insurance - Guarantee Asset Protection

Guarantee Asset Protection (GAP) protects you against financial loss in the event your vehicle is damaged beyond repair (totaled) or stolen and never recovered.

Since a vehicle's value declines as a result of depreciation, the loan balance can be higher than its actual cash value. Without GAP coverage, you would be responsible for paying the difference between the insurance settlement and the outstanding loan balance. With the purchase of GAP, the deficiency balance may be waived.

A typical example would be if you purchased your vehicle for $31,000, one year later the value would depreciate to $15,350. You still owe $24,281 when it is stolen and never recovered, or is involved in an accident in which it is beyond repair.

Most insurance polices will only reimburse you for the value of the vehicle ($15,350) less the deductible. If the deductible was $1,000, the insurance company would pay $14,350, leaving you with a $9,831 loan balance. GAP protects you against this kind of financial loss. GAP can also be purchased for eligible motorcycles, boats, RVs, travel trailers and campers.

Insurance - Mechanical Breakdown Coverage

Your car payment, insurance and gas probably takes a big chunk out of your wallet every month, but how much would it cost if your car broke down?

Mechanical Breakdown Coverage provides valuable protection against the cost associated with most unexpected mechanical breakdowns (beyond the normal terms and conditions of the manufacturer's standard warranty and after the warranty has expired).

	EXTENDED SERVICE PLANS
	NEW	USED
Vehicle Protection Options	Tech 4 Coverage: 0 - 50,000 Odometer Mileage. No more than 5 model years old	Tech 3 Coverage: 50,001 - 70,000 Odometer Mileage. No more than 9 model years old	Tech 2 Coverage: 70,001 - 100,000 Odometer Mileage. No more than 9 model years old	Tech 1 Coverage: 100,001 - 120,000 Odometer Mileage. No more than 9 model years old
Engine
Transmission/Transaxle
Drive Axle
Transfer Case
Turbocharger/Supercharger
Electrical
Brakes
Steering
Air Conditioning / Heating
Cooling System
Fuel Delivery
Front & Rear Suspension
Enhanced Electrical
	Plan Explanations:
	TECH 4 EXCLUSIONARY COVERAGE: Bumper to bumper exclusionary coverage excluding normal maintenance, trim, adjustments and glass.	TECH 3 COVERAGE: Covers the cost of repairs for front and rear suspension, enhanced electrical, fuel delivery and cooling. Includes TECH 1 and TECH 2 coverage.	TECH 2 COVERAGE: Covers the cost of repairs for steering, brakes, electrical and the air conditioner. Includes TECH 1 coverage.	TECH 1 COVERAGE: Covers the cost of repairs for engine, turborcharger/supercharger, transmission, transfer case and drive axle. TECH 1 has basic coverage.
See brochure or loan officer for coverage plan details.