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Loan Products

Protect your loan with our Add On Products including GAP Insurance, Extended Warranties, Payment Protection and Depreciation Protection.

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EXTENDED WARRANTY

The Route 66 Extended Warranty is the most comprehensive coverage for all makes and models of automobiles so you can enjoy your new vehicle and have “peace of mind”. 

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ARE YOU PREPARED?

The price of vehicles is consistently on the rise as well as the costs of repairing them.  Did you know that one in three vehicles will experience some type of mechanical failure in a given year?  According to ConsumerReports.com, “the average three-year-old car has 55 problems per 100 vehicles”. 

A Route 66 Extended Warranty not only protects your investment from expensive mechanical breakdowns, but it also comes with a $0 deductible, 24/7/365 Roadside Service, rental car benefits, 30-day money back guarantees, nationwide coverage, and is fully transferable.

ADDITIONAL PERKS

With the Route 66 Extended Warranty’s Open Enrollment you don’t have to purchase your warranty at the time of purchase, but at any time during the life of the vehicle.  Regardless if your vehicle is still under a manufacturer’s warranty, Route 66 Extended Warranty has a plan that will fit your vehicle. Don’t get stuck without coverage! 

Warranty Brochure 


GAP INSURANCE

Protect Your Investment for Just $399 — One Time

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PROTECT YOUR NEW WHEELS

Did you know that if your vehicle is stolen or totaled in a major accident, your loss could add up to more than its value? As you might be aware, the value of any vehicle declines rapidly during the first few years of ownership. Most insurance policies, however, only cover the value of your vehicle at the time of the loss, which means that the settlement you receive could be less than the amount you owe.

Now you can protect the value of your vehicle with Guaranteed Asset Protection (GAP). GAP covers the 'gap' between the vehicle's value and the amount you still owe. GAP can give you peace of mind by protecting you against the financial burden associated with the loss of your vehicle. 

HOW DOES GAP WORK?1

GAP protection goes into effect when you need it most - when your vehicle is stolen and isn't recovered or totaled in an accident and can't be repaired.

GAP waives the difference between your primary insurance carrier's settlement and the payoff of your loan or lease, less delinquent payments, late charges, and your insurance deductible.

This summary is a brief overview of the program and is not to be considered a full disclosure of policy terms. Please refer to the Terms and Conditions for complete forms, conditions, limitations, definitions, and exclusions.

Call the Claims Administrator at 1-800-711-4280 to request a claim form. Notice of the Loss must have been provided to the Claims Administrator within 90 days of the date of Loss. To process a claim the Claims Administrator must be sent a completed and signed claim form, along with the following required documents, within 180 days of the date of Loss.

  1. A copy of the Automobile Insurance Policy Declarations page in effect on the date of Loss.
  2. A copy of the Covered Auto title or registration in effect on the date of Loss.
  3. A copy of the estimate of repairs or the total Loss statement.
  4. A copy of the claim payment check and/or settlement letter from the Auto Insurance Company showing the amount that was paid and that the deductible was satisfied.
  5. A copy of the check, credit card charge, debit card charge or cash receipt showing the deductible was paid.
  6. Any other information that may reasonably be requested in order to process your claim.

1 Please consult your Telcoe loan representative to determine your eligibility.

Investments/Insurance/Warranties: Not NCUA Insured • Not Credit Union Issued, Guaranteed or Underwritten • May Lose Value


PAYMENT PROTECTION INSURANCE

Increase Your Peace of Mind if the Unexpected Occurs!

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PROTECT YOUR FAMILY

Protection 
Payment Protection Credit Insurance helps reduce the financial burden on your family in the event your disability, death, or involuntary unemployment1. It also protects your credit rating by helping to ensure your loan will not end up in default. It provides peace of mind by protecting your family's financial security. Your credit rating will not be adversely affected when you add payment protection to your Telcoe loans.

 

Convenience
Application is easy and done at the time of the loan application. And, the monthly premium is included in your monthly loan payment.

Eligibility
This protection is available up to the age of 65 and even up to 70 in some states. Also, a medical exam is not required, although, general health questions may be asked.

SUMMARY 1

LIFE

Cost per $1,000 Type of Coverage
49¢ Single Life Payment Protection
82¢ Joint Life Payment Protection

 

LIFE & DISABILITY

Cost per $1,000 Type of Coverage
$1.88 Single Life & Single Disability Payment Protection
$2.21 Joint Life & Single Disability Payment Protection
$3.40 Joint Life & Joint Disability Payment Protection

 

DISABILITY

Cost per $1,000 Type of Coverage
$1.39 Single Life Payment Protection
$2.58 Joint Life Payment Protection

LIFE & DISABILITY & INVOLUNTARY UNEMPLOYMENT

Cost per $1,000 Type of Coverage
$2.90 Single Life & Single Disability & Single Involuntary
Unemployment Payment Protection
$3.23 Joint Life & Single Disability & Single Involuntary
Unemployment Payment Protection

1 Please see full disclosures for specific information regarding your policy.

Investments/Insurance/Warranties: Not NCUA Insured • Not Credit Union Issued, Guaranteed or Underwritten • May Lose Value


DEPRECIATION PROTECTION

Have peace of mind and protect your new vehicle by adding Depreciation Protection. 

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WHAT IS DEPRECIATION PROTECTION?

DPW covers the depreciation of the vehicle. It is a debt cancellation product that in the event of a total loss provides a benefit equal to the difference between NADA Retail value of the vehicle at the time of coverage enrollment and the loan balance at the time of the total loss. The waiver benefit will not exceed the maximum benefit selected or the outstanding loan balance, whichever is less. 

View the depreciation protection brochure or watch the video.

Depreciation Protection is ideal for those who:

  • Finance 90% or less and desire protection and peace of mind
  • Established equity in their vehicles with a down payment, rebate and/or trade in value

Product Highlights

  • Coverage can be purchased at anytime
  • 60 day free look period
  • No mileage or year restrictions
  • Cancels up to $1,000 of loan balance in the event of Accidental Death


 

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