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Insurance |
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CCATCU has three protection packages that can help you have peace of mind. Payment Protection Insurance is designed to cover the borrower’s payments in the event of injury, illness, or passing away. Your family will not have the financial burden and additional stress during these times of difficulty and it offers you peace of mind. GAP Insurance is designed to eliminate the unpaid new loan balance in the event the vehicle is stolen or damaged beyond repair (totaled). GAP relieves the borrower of the responsibility for the full deficiency balance that the proceeds from their primary insurance policy does not cover. Mechanical Breakdown Insurance is available on select new and used vehicles. The policy premium may be financed in the loan amount or paid in full. CCATCU offers low premium rates and coverage for almost all mechanical and electrical components for the entire term of the loan contract. |
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