Add-On Loan Protection Programs

Credit Disability and Credit Life Insurance

Credit Disability and Credit Life Insurance ensures that your family will be provided if an injury, illness, or death impacts your ability to provide for them. Credit Disability and Credit Life Insurance covers associated St. Paul Federal Credit Union loan payments while you are disabled due to an injury or illness and pays off your loan1 in the event of an unexpected death.

Guaranteed Asset Protection (GAP) for Auto Loans

Most cars depreciate by thousands of dollars as soon as they are purchased.  Unfortunately, if for any reason your vehicle is declared a total loss, you are still liable for the difference between the insurer's settlement and the loan balance.

GAP is a low-cost coverage that pays the potentially high-cost difference between your insurance settlement and your loan balance on items directly related to the purchase of your vehicle.

Mechanical Repair Coverage (MRC) for Auto Loans

With MRC you'll be covered when your car's factory warranty expires.  We offer multiple plans so you can select the one that best fits your coverage needs.  In addition to repair coverage, you'll receive valuable additional benefits.

  • Rental reimbursement - Up to $30 per day for 5 days (or 10 days for parts delay).
  • 24-hour emergency roadside assistance - Up to $100 per occurrence.  Includes towing, battery/jump start, fluid delivery, flat tire assistance and lock out service.
  • Travel expense reimbursement - Up to $500 for lodging, food, and rental expense when a covered breakdown or collision occurs more than 100 miles from home.
  • Transferable - If you sell your vehicle privately, the coverage can be transferred adding resale value and appeal.
1 Maximum policy amount of $30,000

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