Auto Protection

Did you know that your auto insurance may not cover everything that you expect it to?

In the event that your vehicle is deemed a total loss due to an accident or theft, your
auto insurance policy will typically only cover the actual cash value (ACV) or market
value (AMV) of your vehicle, less your deductible. This settlement could be significantly
less than the amount you owe to your lender or leasing company due to depreciation
and current market conditions. The final result is a financial GAP where you must make
up the difference, which could mean thousands of dollars out of your pocket.

Let us change that!

Lanier Federal Credit Union’s Guaranteed Auto Protection Plus (GAP) is a loan/lease
deficiency waiver that is not offered as insurance coverage. Guaranteed Auto Protection
Plus protects individuals who finance a new or used vehicle from the financial GAP.

The purchase of GAP is voluntary and cannot be required as a condition of credit
approval. Guaranteed Auto Protection Plus covers the difference between the actual
cash value of your vehicle and the loan/lease balance, less delinquent payments, late
charges, refundable service warranty contracts and other insurance-related charges.

GAP Plus will even cover your auto insurance deductible up to $500.

Vehicle Service Contracts

Are you tired of those high-cost Vehicle Service Contracts from dealers and
manufacturers? Then check with your credit union regarding an Extended Service
Contract. Generally, the plans available provide similar coverage to the
dealer's/manufacturer's plan, but can be obtained for significantly less - in some
instances hundreds of dollars on a service contract. These service contracts are issued
by Integrity Warranty and are accepted by most repair facilities nationwide and may be
included in the vehicle financing provided by your Credit Union.

There are many Service Contracts and levels of coverage to choose from. The plans range from new cars all the way up to 20 year old vehicles with up to 200,000 miles!

Other benefits* include:

  • 24hr Roadside Service
  • Towing
  • Battery Jump
  • Flat Tire Assistance
  • Emergency Fluid Delivery
  • Lockout Assistance
  • Rental Car Coverage
  • Transferable
  • $100 Deductible

*Coverage varies depending on level of warranty purchased.

For more information on Vehicle Service Contracts or their products, click here.