Loan Protection

We offer loan protection options so you don’t need to worry if your car breaks down, or is damaged beyond repair, or if you lose your job and you are unable to make your loan payments. Life happens, we’re in it with you.

Call or text us at 503-256-5858 or email us and ask about protecting your loans, or click below for an estimate.

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As your vehicle gets older, the likelihood of it breaking down and needing repairs increases. The real question is, could you afford it? When you opt for Mechanical Repair Coverage, you can get covered repairs done at any authorized repair facility in the U.S. or Canada and feel confident that your car will keep up with you for longer.

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Mechanical Repair Coverage is provided and administered by Consumer Program Administrators, Inc. in all states except CA; where coverage is offered as insurance by Virginia Surety Company, Inc., in NH; where coverage is provided and administered by Consumer Program Administrators, Inc. dba Consumer Warranty Program Administrators, in TX; where coverage is provided and administered by Consumer Program Administrators, Inc. dba The Administrators of Consumer Programs (TX License #175), in FL and OK; where coverage is provided and administered by Automotive Warranty Services of Florida, Inc. (Florida License #60023 and Oklahoma License #44198051), and in WA; where coverage is provided by National Product Care Company and administered by Consumer Program Administrators, Inc., all located at 175 West Jackson Blvd., Chicago, Illinois 60604, 800.752.6265. This coverage is made available to you by CUNA Mutual Insurance Agency, Inc.

The purchase of Mechanical Repair Coverage is optional. This document provides general information about Mechanical Repair Coverage and should not be solely relied upon when purchasing coverage. Be sure to read the Vehicle Service Contract or the Insurance Policy, which will explain the exact terms, conditions and exclusions. Coverage varies by state. Replacement parts may be new, used, non-OEM or remanufactured.

The Assurant® mark and the Vehicle Care by Assurant® application are the sole property of Assurant, Inc.

A little protection goes a long way, especially when your car doesn’t outlive your loan payments. GAP can reduce or even eliminate the difference between the insurance payout and your remaining loan balance in the event your vehicle is stolen or deemed a total loss due to an accident.

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Guaranteed Asset Protection (GAP) is optional and will not affect your application for credit or the terms of any credit agreement you have with us. Certain eligibility requirements, conditions and exclusions may apply. You will receive the contract before you are required to pay for GAP. You should carefully read the contract for a full explanation of the terms. If you choose GAP, adding the GAP fee to your loan amount will increase the cost of GAP. You may cancel GAP at any time. If you cancel GAP within 90 days you may or may not receive a full refund of any fee paid. GAP purchased from state-chartered credit unions in FL, GA, IA, IN, UT, VT, and WI may be with or without a refund provision. Prices of the refundable and non-refundable products are likely to differ. If you purchase a refundable product, you may cancel at any time during the loan and receive a refund of the unearned fee. GAP purchased from state-chartered credit unions in CO, MO or SC may be canceled at any time during the loan and receive a refund of the unearned fee.

When underwritten by Arch Specialty Insurance Company: Additional terms and conditions apply. Complete details are provided in the Evidence of Coverage distributed upon provision of the benefit to you. Auto Deductible Reimbursement Coverage will be provided to members under a blanket policy issued to participating credit unions. The Auto Deductible Reimbursement Coverage is underwritten by Arch Specialty Insurance Company.

When underwritten by Assurant Companies: Additional terms and conditions apply. Complete details are provided in the Evidence of Coverage distributed upon provision of the benefit to you. Auto Deductible Reimbursement Coverage will be provided to members under a blanket policy issued to participating credit unions. The Auto Deductible Reimbursement Coverage is underwritten Voyager Indemnity Insurance Company (VIIC) in all states except GA. In GA, the Auto Deductible Reimbursement Coverage is underwritten by Reliable Lloyds Insurance Company (RLIC), both VIIC and RLIC are Assurant Specialty Property Companies.

Your family means everything to you. And if the unexpected happens, you don’t want an emotionally trying situation to be compounded by financial worry. That’s why there’s Debt Protection, which may cancel or reduce your loan balance or payments up to contract maximums in case of:

Involuntary unemployment
Disability
Death

Debt Protection with Life Plus

For additional protections, Life Plus can extend your Debt Protection to address a wide range of circumstances, giving you the reassurance of knowing you’ve taken steps to help secure your finances.

Accidental dismemberment
Terminal illness
Hospitalization or family medical leave
Death of a non-protected dependent

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Debt Protection is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative or refer to the contract for a full explanation of the terms. You will receive the contract before you are required to pay for Debt Protection. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid.