Consumer Protection Insurance
Credit Life Insurance and Credit
All NuMark loans provide the added security of Credit Life
Insurance and Credit Disability Insurance. You receive the
peace of mind of knowing that if you should die, your loan
is paid in full with Credit Life Insurance. Protect your family
from inheriting your loan balance. With Credit Disability
Insurance, your payments will be made while you are on disability.
Even if you have disability insurance from your employer,
your income will likely be reduced while you are disabled.
Credit Disability Insurance can make up for the deficit.
Guaranteed Asset Protection (GAP)
There could be a big difference between what your insurance
will pay and what you owe on your vehicle loan. Most cars
depreciate by thousands of dollars as soon as they are purchased.
Unfortunately, if your vehicle is stolen, accidentally damaged
beyond repair, or otherwise declared as a total loss, you
are still liable to pay the difference, or the "gap"
between your insurer's settlement and your loan balance. That
gap will come out of your pocket for a vehicle that, for all
practical purposes, no longer exists.
MEMBER'S CHOICETM GAP pays the
potentially high-cost difference between your insurance settlement
and your loan balance on items directly related to the purchase
of your vehicle. Purchasing MEMBER'S CHOICETM GAP
could save you thousands of dollars, and you’ll avoid
making loan payments on a car, truck or other vehicle that's
beyond repair, or stolen and not recovered.
Mechanical Repair Coverage
As your vehicle gets older, the risk and cost of repairs increases.
You may have to spend hundreds, even thousands, of dollars
for unexpected mechanical and electrical repairs.
- An engine replacement can cost $5,000
- Transmission repairs range from $3,000
for an overhaul to $1,700 or more for a replacement;
- An air conditioning compressor can cost
$700 or more;
- Even a part as small as an alternator
can cost $550 for a replacement.
Our Mechanical Repair Coverage helps you avoid
paying for unexpected repairs and it is
transferable if you sell your vehicle.
For more information call 815-729-3211 or
send us an email.