Insurance

As a Day Air member, our insurance programs are much less expensive than other programs because our low group rates make this program another great member benefit.

• Credit Life Insurance
• Credit Disability Insurance
• Guaranteed Auto Protection (GAP)
  

Credit Life Insurance
Adding insurance to a loan is a smart buy when borrowing money because a loan will need to be paid no matter what circumstances you may encounter. Even if you were already covered by insurance, wouldn't it be nice to know that this debt would be taken care of without touching your other coverage.

This insurance is designed to pay off the insured loan if the primary member on the loan should pass away. Credit life insurance is available to the debtor as single coverage and for both the debtor and co-debtor as joint coverage.

This type of insurance is offered at the time of loan initiation. However, it may be possible to add this insurance to an existing loan. For additional details, please contact us.

Credit Disability Insurance
This insurance is designed to make your monthly payments should the primary borrower become totally disabled and unable to work for more than 14 days. Credit disability is available only to the debtor as single coverage.

For closed end loans: The maximum monthly payment, regardless of actual payment due, is $600 with a maximum of total payments of $40,000. The loan term cannot exceed 84 months.

For additional details, please contact us.

Guaranteed Auto Protection Plus (GAPP)
Specifically for vehicle loans, GAPP Coverage covers what your auto insurance may not. In the event your vehicle is deemed a total loss due to an accident or theft, your auto insurance policy will usually only cover the actual cash value or market value of your vehicle less a deductible. This settlement could be significantly less than the amount you owe on your loan. The final result is a financial GAPP where you must make up the difference, which could mean thousands of dollars out of your pocket.

This type of coverage is offered at the time of loan initiation. However, it may be possible to add this coverage to an existing loan. For additional details, please contact us.

These insurance programs are not insured by NCUA.