Insurance
Credit Disability
In the event you become totally disabled by sickness or an accident, credit disability insurance pays your loan payments up to the policy maximum. the premium for this service is added to your regular loan payments. EFCU offers this peace of mind for $2.50 per $1,000 of loan principle.
Credit Life
In the event that you die, this insurance will pay off your loan principle giving your family peace of mind. The premium for this service is added to your regular loan payments. EFCU offers this service to you for $0.85 per $1,000 of loan principle per month.
Guaranteed Asset Protection (GAP)
In the event of a total loss, your primary insurance carrier covers the value of the vehicle less your deductible, leaving you to pay any remaining balance on the loan. GAP may waive the difference between the primary insurance settlement and the outstanding balance on the vehicle as of the date of loss. Ask us about adding this optional waiver coverage to your financing agreement.