GAP Protection Insurance
If your Midwest Utilities Credit Union financed motor vehicle is in an accident or is stolen, your primary insurance carrier will cover only the actual/market value of the vehicle at the time of the loss. Should your insurance carrier deem your vehicle a total loss, GAP Protection reimburses you the difference between the primary insurance settlement and the amount required to pay off your loan if your loan payoff is greater than your vehicle's actual/market value.

GAP Protection protects you against this out-of-pocket expense. GAP Protection is available for a fee (see below), and it can be purchased when you buy your vehicle or at any time during the loan term, even after your loan has been funded. Additionally, GAP Protection can be purchased for vehicles up to $100,000 in value and affords you $50,000 of coverage for out-of-pocket expenses.

Midwest Utilities Credit Union GAP Protection coverage is underwritten by CUMIS Insurance Society - an "A"- rated insurance carrier.

For your convenience, you can finance GAP Protection by adding it to the total amount borrowed on any new loan up to 72 months. The one-time cost spread out over your monthly payments (up to 72 months) can potentially save you hundreds or thousands of dollars in the unfortunate event of an accident or theft. Additionally, if you decide within 90 days after purchasing GAP Protection that you no longer want the coverage; you may cancel it and receive a full refund of the cost. Call us at (319) 226-5604, or stop by for more details.

We Do Business in Accordance With the Federal Housing Law and the Equal Credit Opportunity Act.

Federally Insured by NCUA