Loan Coverage Options
Payment Protection
-
Credit Life pays off your loan in the event of death
-
Credit Disability makes your loan payment if you’re unable to work, thereby protecting your credit rating and your family’s finances
-
Coverage can typically be added to your loan for just dollars a month
These insurance products pay off your loan in the event of death or disability. Some restrictions apply, so contact an EdCo loan officer at 515.274.4100 for more information today!
Enhanced GAP Program & Mechanical Breakdown Protection
EdCo recently upgraded our Guaranteed Asset Protection (GAP) and Mechanical Breakdown Protection in an effort to better serve our members with coverage that's not only more comprehensive, but also more affordable!
GAP is an auto loan debt cancellation waiver that protects you financially if your vehicle is totaled or stolen, and you owe more on the vehicle than your insurance will pay.
-
Additional $1,000 paid toward the purchase of a replacement vehicle if financed through EdCo
-
Only $295 regardless of the vehicle's age or price
- Available on most titled vehicle loans
Mechanical Breakdown Protection offers a complete line of coverage designed to keep your vehicle on the road.
-
Nationwide coverage
-
No deductible
- 24/7/365 Emergency Roadside Service
- 30-Day Money Back Guarantee
- Rental Car Allowance
Contact your EdCo loan officer at 515.274.4100 to receive a quote for GAP or Mechanical Breakdown Protection.
