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Life is unpredictable…take the worry out of unexpected life events that could happen during the term of your loan.
Preferred GAP provides protection in the event of a partial loss, constructive total loss or unrecoverable theft of the collateral, and rewards your loyalty when you finance the replacement collateral with us in the event of a total loss.
Preferred GAP is comprised of three very distinct benefits… Here they are:
You will be reimbursed the deductible (up to $1,000) you incur when you file a claim on your comprehensive or collision portion of your primary auto insurance policy. It’s like having a zero deductible auto policy.
Should your collateral be deemed a total loss and your primary insurance policy settlement is not enough to satisfy your loan balance…we will pay the difference between your insurance company settlement and your scheduled loan balance as of the date of loss.
If you experience a total loss and you finance your replacement collateral with the credit union within 90 days of the loss, we will credit your new loan with a $1,000 benefit. Please refer to your contract for specific limits and exclusions.
ASG offers a full complement of affordable coverage options. Our four levels are designed to protect your investment and reduce out-of-pocket expenses should a mechanical breakdown occur.
Your vehicle is not only an investment, but also your transportation lifeline. ASG’s protection plan provides peace of mind knowing your investment is protected.
Roadside Assistance
Emergency services include the following:
Rental Vehicle
In the event of a covered mechanical breakdown, you will be eligible for alternate transportation according to the schedule in your contract.
Tire Road Hazard
If your vehicle’s tires are damaged due to a road hazard, you are eligible for repair of replacement throughout the life of the contract.
Trip Interruption
If a mechanical breakdown occurs more than 100 miles away from your home and results in a repair facility keeping your vehicle overnight, you are eligible for reimbursement of meals and lodging for up to three days.
Most costly mechanical and electrical failures occur after the factory warranty has expired. Avoid expensive repairs by protecting your vehicle with a Mechanical Breakdown Protection contract.
Please refer to your contract for specific limits and exclusions.
Nobody knows what the future holds…we allow you to tailor a protection plan to fit your needs and budget. Packages may include LifePlus, Disability and Involuntary Unemployment protection. Your loan officer will review the available benefits and how they can help safeguard you and your family from financial hardships.
100% of the protected balance will be paid in the event of your death.
100% of the protected balance will be paid in the event of certified diagnosis of a terminal illness that will result in death within 12 months.
100% of the protected balance will be paid if any of the following events occurs. Events must occur within 90 days of the injury which caused it.
You will receive 3 protected payments or up to $3000, whichever comes first, one time per 12-month period if you take an unpaid leave of absence from active employment for at least 30 consecutive days to attend the needs of a family member as defined by the Federal Family Medical Leave Act.
You will receive 3 protected payments or up to $3,000, whichever comes first, one time per 12-month period should you be admitted to a hospital for at least 48 consecutive hours.
You will receive 3 protected payments or up to $3,000, whichever comes first, one time per 12-month period if a dependent child loses their life.
If you are unable to engage in the significant duties of your occupation for at least 30 days, beginning on the 31st day you will receive your monthly protected payment for up to 12 months.
If you become unemployed for at least 30 days, beginning on the 31st day you will receive your protected payment for up to 6 months. That protected payment cannot exceed $1,000 per month and benefits will be paid for up to 6 months.
Please refer to your contract for specific limits and exclusions.
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