Loan Protection

Debt Protection Coverage

Life is unpredictable, but your loan payments don’t have to be. If a protected life event occurs, Debt Protection Coverage can cancel or waive your loan payments - up to the contract maximums - helping to ease financial stress for you and your family. Protect what matters most.

These events could include:

  • Loss of life, including those caused by acts of war

  • Disability, including those caused by acts of war

  • Family leave, Involuntary Unemployment

Your purchase of Serve Credit Union Debt Protection Coverage is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of Serve Credit Union Debt Protection Coverage. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid.

Guaranteed Asset Protection

Our GAP Program helps cover the remaining balance of your loan if you experience a total loss before it is paid off. Most insurance policies only cover the actual cash value of your asset. As a result, there can be a substantial “GAP” between your loan and the amount your insurance company pays to replace your vehicle.

Here’s an example of how GAP works:


  • Loan Balance at Time of Loss: $23,000.00

  • Value of Vehicle at Time of Loss: $19,000.00

  • Less Insurance Deductible: -$1,000.00

  • Primary Insurance Settlement: $18,000.00

  • Difference Owed: $5,000.00

“YOUR POTENTIAL OUT OF POCKET EXPENSES WITH GAP: $0.00”

**subject to the terms, conditions, limitations and exclusions set forth in your GAP Waiver Addendum.

Extended Warranty

The vast majority of costly mechanical and electrical failures occur after the factory warranty has expired. Avoid expensive repairs by protecting your vehicle with a Mechanical Breakdown Protection contract!

Choose your Coverage:

A visual ranking of coverage levels is displayed in descending order:

  • Platinum Protection (light gray)

  • Gold Protection (golden yellow)

  • Silver Protection (silver-gray)

  • Copper Protection (bronze-brown)



Included Coverage Benefits:

  • Roadside Assistance

  • Rental Vehicle Assistance

  • Tire Road Hazard

  • Trip Interruption

Please inquire with a Serve Credit Union Loan Officer for more details. National Claims Service phone number is (844) 307-1001.