Minot Credit Union
Minot Credit Union
Insurance & Warranty
Protect your finances.
To help protect your finances in case of death, disability, or accident we offer various insurance products.
Accidental Death & Dismemberment Insurance (AD&D)
The AD&D coverage is provided by Aspire Credit Union for our members through our partner TruStage. This insurance allows individuals to prepare for the unexpected with no-cost coverage to our membership. Should the member need this insurance, all they need to do it claim it. Please, call with questions or to inquire about our family plan options.
This member-exclusive coverage is available for those individuals 18 and older.
Credit Life and Credit Disability Insurance
Credit Life Insurance is a protection program which reduces or pays off the balance of the barrowers loan due to their death. The plan can be filed both single and jointly.
Credit Disability Insurance becomes effective when the insured person becomes disabled. The insurance steps in and makes the payments for the individual if they are disabled for longer then the waiting period. This program can be filed single or jointly.
Guaranteed Asset Protection (GAP)
Let’s face it sometimes accidents happen, and you don’t want to be left owing money on your vehicle loan after your insurance has been paid out. That is where GAP comes into play.
GAP insurance, is supplemental insurance that can be added to your motorized vehicle purchase with the loan. Unlike standard insurance, GAP helps by filling in the difference between what you have been paid out by the insurance company after an accident, and what you still owe on your loan. GAP can be applied to vehicles and recreational loans for items such as boats or motorcycles. The Consumer Loan Specialists here at Aspire can help you get started.
Mechanical Repair Coverage - Warranty
The Mechanical Repair Coverage warranty covered the parts and labor on vehicle repairs. The cost of coverage is determined by the vehicle type, coverage, term and deductible. Members with vehicles 15 years old or newer with an odometer at 150K miles or less may be eligible. No modifications from the manufacture’s specifications can be made to qualify. The warranty is offered in three basic plans, and based on vehicle mileage. A loan officer can help determine which plan would work for you.
The plan is transferrable if you sell the vehicle
Vehicles that are not eligible are commercial Vehicles, Government vehicles, Motor Homes, and modified vehicles.