ILWU Credit Union offers our Members additional protection options for their investment.
Guaranteed Asset Protection (GAP)
This insurance helps protect Members against financial loss if their vehicle is stolen or involved in an accident where it is declared a total loss. Members can purchase GAP at the time they fund their ILWU Credit Union auto loan.
GAP Insurance features:
- One time Flat Fee of $420.00
- GAP will pay the difference up to 125% Loan to Value
- GAP will pay $1,000 toward the financing of a replacement vehicle
Mechanical Repair Coverage (MRC)
This is comprehensive coverage that pays for the cost of parts and labor for any covered vehicle mechanical repair. Members can purchase MRC at the time they fund their ILWU Credit Union auto loan.
MRC Insurance features:
- Pricing and eligibility determined by the year, make, model, mileage, and purchase date of the vehicle
- Cost of the policy can be financed as part of your loan
- One program for new and pre-owned vehicles
- 3 levels of coverage to choose from
- Coverage across the U.S. and Canada
- Coverage pays for parts, service and labor of covered repair under the plan
- Includes up to 5 days of rental reimbursement at $35 per day
- 24/7 for roadside assistance and towing
- MRC does not cover normal maintenance on your vehicle
Please contact a Credit Union Representative for more information about these products.