Insurance and Asset Protection
Various insurance and asset protection products are available to complement the loans and other services Central Missouri Community Credit Union (CMCCU) offers. These products are provided through independent companies for your benefit.
Guaranteed Asset Protection Advantage (GAP Advantage)
GAP Advantage covers the “gap” between your vehicle’s value and the amount you still owe, including the insurance deductible. As a bonus, if your vehicle is totaled or stolen and not recovered, you are eligible to receive an additional $1,000 credit toward the finance or purchase of a replacement vehicle – if you finance your replacement vehicle with Central Missouri Community Credit Union.
Mechanical Breakdown Protection (MBP)
MBP provides protection against mechanical breakdowns above and beyond the original manufacturer’s warranty. This provides protection against the cost associated with most of your vehicle’s mechanical breakdowns (beyond the normal terms and conditions of the manufacturer’s standard warranty and after the warranty has expired).
Debt Protection cancels or suspends your loan payment without penalty, added interest or being reported as delinquent to the credit bureau when a covered event occurs*.
Financial security - Debt Protection protects your credit rating during uncertain and stressful times.
Peace of mind - You do not need to worry about making some or all loan payments (depending on the protected event and your financial institution's debt protection plan) should an unforeseen life event occur.
Convenience - Applying for debt protection is easy and usually done at the time of your loan application. The fee is generally included with the monthly loan payment.
*There are eligibility requirements, conditions and exclusions that apply to this program.