As part of our commitment to providing the best member benefits, Emerald offers a suite of affordable protection products to help safeguard your investment.
Guaranteed Asset Protection (GAP)
What happens when your car is totaled, but the insurance company doesn’t pay off the entire balance of your auto loan? You are stuck paying the difference, the “gap,” out of your own pocket. That hurts. Let GAP protection pay the difference for you instead!
Emerald offers GAP Plus with Auto Deductible Reimbursement for your new or existing auto loan. In the event that your car is deemed a total loss, GAP will not only pay off the left over loan balance, but you are also eligible to receive $1000 towards the purchase of a replacement vehicle, as long as it is financed through Emerald within 90 days of the GAP claim being paid.
Auto Deductible Reimbursement is an added benefit that pays up to $500 per accident when a claim is filed and paid by the insurance company for any vehicle that you own or lease (as proven by the title), whether it’s financed through Emerald or not. For example, you own a car that is financed through Emerald, and you’ve added GAP to the loan. You own a second car, not financed at Emerald, that’s been in an accident. The deductible will be reimbursed up to $500 because you have GAP Plus with Auto Deductible Reimbursement on your car loan at Emerald. This product will pay for itself time and again.
Extended Warranty
When owning any vehicle, there is always a chance of experiencing a mechanical breakdown, which can be very expensive to repair. With an extended warranty vehicle service contract, you can have protection against the high cost of vehicle repairs.
All extended warranty plans cover ordinary wear and tear that exceeds the manufacturer’s published tolerances on covered components. And regardless of the number of components repaired, only one deductible is required to be paid per visit. The benefits available in all extended warranty pans include:
- Roadside Assistance Services
- Rental Car Reimbursement
- Trip Interruption Reimbursement
- Manufacturer’s Deductible Reimbursement
Ask a loan officer for complete information regarding all warranty plans.
Emerald Payment Protection
Lessen the worry of repaying your loan during a time when your income may be reduced or lost due to death, disability from an injury or illness, family leave or involuntary unemployment. Give yourself peace of mind knowing that your loved ones won’t be left with the burden of your debt. Emerald
Payment Protection may be added to any new or existing loan.
Your purchase of Debt Protection 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 Debt Protection. 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.