Consumer Loans: Protection
Northern Hills Federal, we help finance your dreams. Let us know what your dream is, and we’ll find solutions to help make your dreams come true.
Loan Protection
The credit union offers a full line of options to supplement your loan needs. Low cost payment protection will provide your family with peace of mind.
INTEGRATED WEB CALCULATOR - Simply click here to receive a quote on loan protection products including GAP, MRC and CREDIT INSURANCE that will reduce or eliminate the financial burdens brought on from accidents, excessive repairs and even death.
Guaranteed Asset Protection (GAP)
Mechanical Repair Coverage (MRC)
Loan Protection Credit Insurance
Insure your outstanding loan balance with GAP coverage in case of a total loss or theft of your vehicle.
GAP protection is a product that insures the difference between your loan balance and the amount of money you would receive from the insurance company in case your vehicle is totaled or stolen. Imagine the amount of depreciation on your vehicle the moment you drive it off the lot! GAP protection is an affordable way to limit your losses in case your collateral is compromised.
GAP is good on automobiles, vans, light trucks, motorcycles, boats, travel trailers, motor homes, golf carts, jet skis, snowmobiles and almost any other vehicle. Click Here For More Information!
Ask us if you can add GAP coverage on your existing loan today!
Protect yourself from expensive vehicle repair bills with Bumper to Bumper coverage.
Mechanical Repair Coverage is available on new or used vehicles. Options available in your service contract are varied, depending on coverage selected.
Ask us if you can add MRC coverage to your existing auto loan, or add it to your next vehicle purchase for a more economical protection on that new purchase. Click Here For More Information!
Members may elect to protect their loans with member pay credit life or credit disability insurance. We have both monthly outstanding balance and single premium insurance coverages available in both single or joint coverage. Loan protection provides peace of mind for you and your loved ones.
Whether you're taking out a new loan or have an existing loan, check with our lending staff for additional information about these coverages:
Credit Life Insurance can pay the insured balance of your loan, plus up to six months unpaid interest, if you die before the loan is paid off. This coverage you will give you peace of mind knowing that insurance is provided in the event of your death.
Credit Disability Insurance makes payments to the credit union to reduce or pay off your loan if you become totally and continuously disabled by a covered sickness or accident. This way you can relax without worrying about monthly loan payments.
The cost for Credit Life and Credit Disability Insurance is reasonable. Rates can be quoted when you apply for your loan and premiums can be added to your loan payments. Or, simply click here for an online Quick Quote.