Lending Insurance

Borrow with peace of mind

Lending insurance builds an extra layer of security into your loan, which helps you and your family avoid financial hardship no matter what life sends your way.

Member Value Protection (MVP)

In the case of death, disability, or involuntary unemployment, MVP Debt Insurance means that your monthly loan payments will be cancelled without penalty, additional interest, or negative impact to your credit score.

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Personalized Options

You can choose from several flexible coverage options. Each option has specific eligibility requirements and a different range of benefits. Like many insurance plans, there are conditions and exclusions. Be sure to carefully read your MVP contract for a full explanation of the terms and conditions. And of course, our loan experts are always here to answer your questions.

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You’re not required to purchase MVP

MVP is totally optional. Your decision to purchase—or not purchase—MVP will never affect your application for credit or the terms of any existing credit agreement you have with us. You will be provided with a copy of the contract containing the terms and conditions of MVP before paying for this coverage.

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Cancel any time

If you change your mind about carrying MVP, you can cancel at any time. If you do so within the first 30 days, we'll be sure to refund any fees you've already paid.

Guaranteed Auto Protection (GAP) Vehicle Insurance

If your vehicle is totaled or stolen, your auto insurance settlement may be significantly less than your outstanding loan balance. This can create a deficient balance—or a "gap"—leaving you to pay the difference. GAP Vehicle Insurance is designed to cover the remainder of the loan balance that your primary insurance carrier does not pay.

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GAP Advantage Benefits

You may be eligible to receive an additional $1,000 benefit. This $1,000 is used toward the purchase of a replacement vehicle when financed through Members 1st. To receive the $1,000 advantage benefit, the vehicle must be deemed a total loss, and a new loan must be made for the replacement vehicle at Members 1st within 90 days of when the vehicle was determined to be a total loss.

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Auto Advantage

The GAP package also includes Auto Deductible Reimbursement (ADR) coverage. This coverage pays up to $500 per loss when a loss is filed and paid by the auto insurance company. This applied to any covered auto you own or lease, as evidenced by the title or registration and insures under an auto insurance policy designating you as the Named Insured. Plus, you also receive Personal ID Restoration Consulting and Warranty Registration Service.

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With GAP, you get:
  • Up to $1,000 of your deductible is covered if there is a gap after the primary insurance settlement is paid
  • 60-day free look period (this works just like a money-back guarantee)
  • Zero out-of-pocket expenses for the remaining loan balance after loss settlement
  • No deficiency balance on your loan for your replacement vehicle
  • Additional $1,000 to help with new vehicle purchase

Auto Protection Plan

Powered by AssurancePlus, take your insurance coverage to the next level and make sure you're covered for unexpected car expenses not included in typical auto and gap insurance plans.

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24-Hour Roadside Assistance

If you get locked out of your vehicle, need a jump start, get a flat tire, or need towing services, help will be there! Roadside assistance expenses are covered up to $100 per claim with unlimited events per year. 

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Coverage for Every Vehicle

Good news for the entire family! All vehicles that are titled and insured by the plan holder are completely covered when unexpected auto expenses arise.

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Emergency Travel Reimbursement

If your vehicle breaks down and you're more than 100 miles from home, the costs of lodging and meals will be covered up to $1,000 every year.

Home Protection Plan

Repairing and replacing home appliances or systems can unexpectedly hit your wallet and often cost you hundreds of dollars. From repairing a dishwasher to fixing a broken window, the Home Protection Plan helps you safeguard your hard-earned money from unexpected household expenses beyond the average insurance plan.

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Appliance and Electronic Repair

Don't let unexpected repairs bring down your finances. With the appliance and electric repair benefit, you are eligible to receive a 50% reimbursement for payments made to a repair facility or shop to fix items located in the house. 

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Home Glass/Window Breakage

If a baseball or golf ball crashes through one of your home windows, you're covered! The Home Glass Breakage benefit will reimburse you up to $200 per window. Limited to two claims per 12-month period. 

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Home Deductible Reimbursement

The home deductible reimbursement benefit covers the plan holder's primary residence up to $500 for two events in every year. In the event of a loss, you can receive reimbursement for the deductible on your homeowners insurance.

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