Avoid Gap, Life, and Disability Losses

Clients do not set out to miss payments or default on loans; however, the unexpected can and does happen. If your institution provided loans to these individuals, there could be serious ramifications. R. G. Courter & Co. of Kansas City, Missouri, helps protect your own financial interests with mortgage impairment and credit disability insurance. We serve clients in Colorado, Missouri, Nebraska, Kansas, Wyoming and Iowa.

Gap Insurance

GAP Protection is also known as Guaranteed Auto Protection or Guaranteed Asset Protection and as GAP within the financial industry. It covers the difference between the actual cash value of a vehicle and the balance still owed on the financing. GAP coverage is mainly used on new and used consumer collateral such as cars, trucks, motorcycles, etc.

GAP protection covers the amount on a loan that is the difference between the asset value and the amount covered by another insurance policy. Some GAP policies also cover the deductible.

This coverage is marketed for low down payment loans, high interest rate loans, and loans with 60-month or longer terms. GAP protection is typically offered by a finance company at time of purchase. The GAP Protection program comes with a web based application to assist with the sale and administration.

Coverage:

150% Loan-to-Value Coverage
Covers Any Type of Debt Rolled into the Vehicle Loan
2 Late Payments and 2 Skip Payments Are Standard

365-Day Claim Filing Period
Coverage for 84-Month Term

365-Day Claim Filing Period
Coverage for 84-Month Term

Credit Life Insurance

A credit life insurance policy is a wise investment for those who want to make sure that their debts are paid off after they pass away. Sometimes, debts can pass on to other family members, and this can be a real burden for them. They could end up facing situations where their credit will be harmed.

If you want to ensure that this doesn't happen to your family, then you should consider getting a credit life insurance policy to help protect them. It will help clear up your debts and make things a lot easier on your family members. You can get one of these policies for an affordable rate, and it's going to really be worth it when you think of all of the possible benefits.

One of the major reasons that people purchase a credit life insurance policy is because they are looking out for their family members. A really great thing about this type of coverage is that almost anyone can get it.

If you have the money to pay the premiums on this type of insurance, then you can easily get it without having to worry about meeting a ton of requirements. Generally, there are no health questions and exams associated with this type of coverage, but you may be asked to provide information about your condition.

Credit Disability Insurance

This type of insurance, also known as accident and health insurance, makes payments on a loan if you become ill or disabled and cannot work. You are protected from losing your savings or other property while the lender is protected from losing the money you borrowed.