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Highmark Federal Credit Union
Man buying a new automobile

Additional Benefits & Services

Protecting yourself against unforeseen events is always wise.

You can buy insurance like this from an auto dealership – but you'll almost always pay more. The following optional, low-cost products will help protect your assets.
Payment Protection, a voluntary loan-payment protection product that helps you get relief from the financial burden of delinquency, default, or foreclosure if a protected life event unexpectedly happens to you.

We also offer excellent Guaranteed Asset Protection (GAP) and Extended Warranty policies to protect you from unexpected problems with your vehicle.


Payment Protection is a voluntary loan-payment protection product that helps you get relief from the financial burden of delinquency, default, or foreclosure if a protected life event unexpectedly happens to you. And, simple eligibility requirements help ease the enrollment process.

If a protected life event happens to you (and you’re a protected borrower or co-borrower on the loan), Debt Protection will cancel or waive your loan payment(s), up to the contract maximums—helping to lessen your worries, and your family’s worries, about paying loans during a time when your income may be reduced or lost and paying other household bills becomes challenging. Protected events include:
  • Loss of life, including those caused by acts of war
  • Disability, including those caused by acts of war
  • Involuntary unemployment
 More details Here.
 Watch Video Here.


GAP will cover any difference between your loan balance and the insurance payout for theft or total loss.
This type of coverage is a must have for any vehicle purchase, as it’s value drops significantly as soon as it is driven off the lot.
 If you don’t want to find yourself paying for a vehicle that you no longer have, GAP insurance is particularly important for those with:
  • The down payment for the vehicle amounts to less than a fifth of its value.
  • If your vehicle finance period is longer than 3 years.
  • If the vehicle you have purchased is an expensive one, since these vehicles lose value more quickly and are more enticing to thieves.


An Extended Warranty can provide bumper-to-bumper repair coverage for those expensive mechanical problems that always seem to happen at the wrong time.
When it comes to protecting your investment in your vehicle, there is no better way than an extended warranty. Buying an auto warranty is a contract that guarantees the warranty company will pay for expensive repairs and not you.

Why invest in Extended Warranty insurance?
Experience – While a typical dealer or repair shop might see a particular problem once or twice a month, warranty companies might see the same problem much more often, leading to a faster resolution for you.
Efficiency – It’s in the warranty company’s best interest to get your repair fixed correctly the first time, since they are still liable if it doesn’t get repaired right.
Convenience – Not only will you save money on repairs but many extended warranties also include added benefits such as 24/7 roadside assistance, towing, car rental and travel interruption protection.
Resale Value – A vehicle still under warranty has a much higher resale value, and is another smart way to protect your investment.

For those times when you need to put some extra cash in your wallet, Highmark Credit Union has a special offer for members: the Skip A Pay program. Skip a payment on your qualifying loan and use that money for last minute emergency needs or holiday gifts they’ll never forget. Ask one of our Highmark Team Members about details or contact one of our loan associates.

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