YOUR AUTO INSURANCE DOES NOT COVER EVERYTHING
In the event your vehicle is deemed a total loss due to an accident or theft, your auto insurance policy will usually cover only the actual cash value or market value of your vehicle less a deductible. This settlement could be significantly less than the amount you owe to your lender or leasing company. The final result is a financial GAP where you must make up the difference, which could mean thousands of dollars out of your pocket.
PROTECTION THROUGH GUARANTEED AUTO PROTECTION PLUS
Guaranteed Auto Protection Plus Protects individuals who finance a new or used vehicle from the financial GAP.
In the current market, during the first few years that you own your vehicle, your loan/lease balance can be higher than the actual value of your vehicle, as a result of depreciation. As your vehicle’s value declines, your loan/lease balance may decline more slowly, resulting in a financial gap. If your vehicle were stolen or totaled in an accident, you would be liable to pay the difference between your insurance settlement and your outstanding loan/lease balance.
Guaranteed Auto Protection Plus covers the difference between the actual cash value of your vehicle and the loan/lease balance, less delinquent payments, late charges, refundable service warranty contracts and other insurance-related charges.
Guaranteed Auto Protection Plus will even cover your auto insurance deductible of $500 or $1,000. The actual amount depends on your credit union’s program limits. Ask your lender/loan officer for details.
Guaranteed Auto Protection Plus is a loan/lease deficiency waiver and is not offered as insurance coverage.
The purchase of Guaranteed Auto Protection Plus is voluntary and cannot be required as a condition of credit approval.
Insurance and Warranty products are not products of the Credit Union; and are not obligations of or guaranteed by the Credit Union. Insurance or warranties may be purchased from an agent or an insurance company of the Member’s choice; and Credit Union makes no representations as to the services of any provider.
CONTACT US
Phone: (229) 436-0869 Fax:(229) 888-3828Email: services@artesianfcu.org
Main Office 1221 US Highway 82 W | Map It Leesburg, GA 31763
Flint Location 100 Flint Avenue | Map It Albany, GA 31701
ATM Cards Lost/Stolen: (800) 500-1044
ARTE, 24 Hour Audio Response Phone: (229) 436-9161
Lost/Stolen Credit/Debit Card Phone: (229) 436-0869
Fax: (229) 888-3828
Branch Hours
Mon - Tues: 8:30 a.m. - 4:30 p.m.
Wed: 8:30 a.m. - 1:00 p.m.
Thurs: 8:30 a.m. - 4:30 p.m.
Fri: 8:30 a.m. - 5:00 p.m.
Sat - Sun: Closed