Collateral Protection Insurance One of the requirements of your loan agreement you signed is to provide comprehensive and collision coverage, homeowners insurance coverage, or flood insurance coverage protecting Community Credit Union's interest for the full term of your loan. Verify your Property and Casualty Insurance on-line.  If you received a letter regarding your insurance, this link will explain why you received a letter and how to update your insurance that is required on your Community Credit Union collateralized loan.  Click here    Community Services, Inc., A Subsidiary of Community Credit Union now has new expanded insurance products, for more information click here   Community Credit Union has several types of insurance to meet your specific needs. Credit Life Insurance Option insurance that the member can purchase on their loan that will pay off or reduce the balance of the loan in the event of the member's death. Premium can be added to the length of the loan, therefore not increasing the member's monthly payment Credit Disability Insurance Optional insurance that the member can purchase on their loan that will make their monthly loan payment in the event they become disabled. Premium can be added to the length of the loan, therefore not increasing the member's monthly payment. Credit Disability will begin paying the loan payment after 30 days of disability. Credit Life and Credit Disability Insurance purchased for each loan ensures you and your family the "Peace of Mind" you deserve. When Credit Life and Credit Disability insurance are purchased together you can protect your family and yourself for a lower rate. Guaranteed Asset Protection (GAP) Members can add a GAP Insurance Policy to their vehicle loan and the premium can be included in their monthly loan payment. GAP is a low-cost coverage that pays the potentially high-cost difference between an insurance settlement (value of vehicle) and the member's loan balance. Most autos depreciate by thousands of dollars as soon as they are purchased.  If the vehicle is stolen, accidentally damaged beyond repair or declared as a total loss, the member will be liability for the difference in their insurance settlement and the loan balance - in other words.... THE GAP. GAP can also save the member from making loan payments on a vehicle that is beyond repair or stolen and not recovered. Coverage also includes up to $1,000 toward a down payment of a replacement vehicle when it is financed at Community Credit Union. Mechanical Repair Coverage (MRC) An insurance policy that the member can elect and add the premium to the loan amount.  This policy covers mechanical repair problems with the vehicle.  The policy also includes: Rental and Towing reimbursement 24-hour Toll-free roadside assistance and emergency travel expenses Honored at any licensed repair facility and is transferable if you sell the vehicle. MRC is hassle free- repairer is paid directly.   Other Insurance Community Credit Union partners with CUNA Mutual and Community Services, Inc. to give our members discounts on various insurance products.  Watch for special mailings and take advantage of another great benefit of being a Member/Owner of Community Credit Union.