Altura’s Credit Insurance Options
Protecting Your Financial Future
With credit insurance from Altura Credit Union, you can have peace of mind. No matter how your life may change, your loans will be repaid. Situations like unemployment or disabilities are never planned. They always come with many challenges, and sometimes they can even send you and your family into a dire financial situation. But if you have credit insurance, repaying your loans won’t be something you have to worry about during these times of hardship.
You can choose to have these insurance premiums added onto your loan payments for your convenience. Credit insurance provides extra protection for all your major purchases and payments. Altura offers several insurance options for your loans. Choose the one that’s best for you!
With this policy, your credit record is protected if you become unemployed or disabled. Your credit is preserved even in the event of an untimely death. The insurance will continue to make your monthly loan payments up to the maximum your chosen policy provides.
Mechanical Breakdown Insurance (MBI)
This program is for auto loans. With MBI, you can insure your new or used vehicle against mechanical failure. This policy protects you against high repair bills and always allows you to choose your mechanic.
GAP Insurance (Guaranteed Asset Protection)
This another form of insurance for auto loans. With GAP insurance, you’re protected against financial loss if your vehicle is totaled or stolen. GAP will pay the difference between your loan balance and the amount your insurance company will cover. You can add GAP to your vehicle up to one year after the effective date of your Altura auto loan.
Get Started with Credit Insurance Today
For more information on credit insurance, visit your local Altura branch or call Member Services at 1-888-883-7228.