At CrossRoads Community FCU we are dedicated to helping our members make confident financial decisions. That is why we offer a wide range of personal insurance products, making it easier for members to choose the right protection to fit their unique needs.
What Insurances do you provide?
Guaranteed Asset Protection (GAP)
When a vehicle is totaled in an accident or stolen and not recovered, you could owe more than the vehicle is worth. GAP is designed to reduce or eliminate the difference between the primary insurance settlement and the loan balance. Gap insurance is particularly useful for: Drivers with low down payments; Vehicles with long-term loans and autos that depreciate quickly.
- Covers Auto and Recreational Loans
- Coverage can be added on at time of loan booking or afterward.
Mechanical Repair Coverage (MRC)
Mechanical Repair Coverage is a service contract that helps cover the costs of unexpected repairs for your vehicle. This coverage is particularly beneficial as vehicles age and the likelihood of repairs increases. It can help mitigate the financial burden of costly repairs, which can average over $1,200. MRC can help ensure that your vehicle remains dependable and safe for years to come.
- Covers Auto Loans
- Choose from three (3) different coverage plans (Platinum, Gold or Silver)
- Includes roadside assistance and rental reimbursement.
- Coverage can be added on at time of loan booking or afterward.
Debt Protection
Be prepared for the future for the “just in case moments.” Our Debt Protection program is designed to cancel a member’s loan balance or reduce payment of a loan debt should a life event occur. It covers your loan or credit card payments in the event of unforeseen circumstances such as job loss, disability, or death. This insurance helps ensure that your assets and credit record are protected if you find yourself unable to make payments.
- Covers all Loans except for the Home Equity Line of Credit (HELOC)
- Coverage can be added on at time of loan booking or afterward.
How do I find out more?
For more specific details, contact us at (716) 896-8084 or contact us for information regarding coverage options.
