GAP / Mechanical Repair Coverage
Premier Federal Credit Union offers several insurance programs to make sure that you are protected in the event of a car accident or car repairs.
GAP
The Credit Union offers GAP Plus coverage to all of its members who have a new or used car financed with Premier FCU. This insurance will pay the difference between the primary auto insurance carrier's settlement and the Protected Balance. The Protected Balance is the payoff amount that is directly related to the purchase of the vehicle or the amount borrowed that is secured by the vehicle (subject to coverage limits).
$300 for the term of the loan
Provides member with $1,000 toward the purchase of another vehicle if they finance with Premier FCU
Available on all vehicle loans regardless of the year, make or model
Mechanical Repair Coverage
The Credit Union offers a warranty through MEMBER'S CHOICE® which protects the member in the event of a mechanical breakdown on their vehicle.
Varies depending on the year, make and model of the vehicle and the amount/type of coverage selected
Cost can be added to and financed with the vehicle loan
Available for vehicles with less than 100,000 miles
Available on all qualifying vehicles regardless of where financed
60-day money back guarantee
Low deductible
Towing up to $50
Travel Expense up to $225
Car rental up to 10 days ($300)
National protection