Asset & Liability Protection Services
Northern Star offers a variety of asset and liability protection plans* to support your life:
Payment Protection can help the member in different ways. It can cover your loan in the event of death, disability, and involuntary unemployment up to the policy maximums.
Mechanical Repair Coverage protects you from mechanical breakdowns. We offer competitive prices and flexible protection to cover three levels of coverage after the manufacturer’s warranty expires. All plans include towing/wrecker service, gasoline delivery, flat tire change, battery-jump and lockout services, rental car reimbursement, trip interruption coverage for meals and lodging, and qualifying manufacturer’s deductible reimbursement.
GAP (Guaranteed Asset Protection) helps waive the balance of your auto loan in the unlikely event you have totaled your car and can make a down payment on your next auto loan with us.
If your vehicle is ever totaled or stolen your primary insurance will usually only pay for the current market value of your vehicle. If the cash value for your car is less than your remaining balance, the result could be a financial gap between the loan balance and insurance settlement. This ‘gap’ could cost you thousands of dollars out of pocket. Gap Plus provides the added benefit of a $1,000 deduction towards your next vehicle loan with us, if financed within 90 days of the GAP claim settlement.
*Pending certain conditions. Visit a branch location or call us at 757.487.3474 for more information.