Extra Insurance

Payment Protection – Credit Insurance

Who will take care of your loan in case of an emergency?

Protect your credit union loan with Payment Protection, Credit Disability Insurance for borrowers.

It Works This Way:

Say you become disabled and unable to meet you loan payments. Payment Protection takes over. It makes benefit payments to your credit union to reduce or relieve your monthly debt. So while you’re not working, you’re not missing payments.

GAP = Guaranteed Auto Protection

Protect Your New Car Investment

Your brand new vehicle starts depreciating the minute you drive off the dealer’s lot. Worse yet, if it’s stolen or damaged beyond repair before you finish paying for it, your insurance company will most likely only pay the actual cash value.

The good news is that you can protect your investment with Guaranteed Auto Protection (GAP) coverage. This affordable insurance will bridge the gap between what you owe and what your insurance will pay.

GAP PLUS Insurance:
  • Pays any remaining balance due on your loan or lease over the payment from your insurance company.
  • Pays your auto insurance deductible up to $1,000.
  • Covers your financing agreement for the entire life of your loan or lease.
  • Delivers all risk protection from total loss or unrecovered theft.
  • Generous coverage up to $50,000.
  • All risk protection for new & used cars, valued to $100,000

  • No separate cash payment is needed, you can add the cost to your auto loan.

Don’t risk paying for your dream car after it’s gone. Contact your credit union to protect your investment!

Can you cover the unexpected costs if your car is TOTALED?

The value your insurance company will place on your car can be substantially less than the amount you owe! In the event your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared an insured total loss, your insurance company pays the actual cash value at the time of loss, not what the vehicle is worth to you!

Get GAP protection for just $269!

NJ Gateway FCU offers GAP PLUS insurance to members who have their vehicle loans at our credit union, for $269. All you have to do to enroll in this unique program is tell your loan officer you want the protection of GAP PLUS on your car loan.

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