RCU Insurance Services: MORE
Insuring and Protecting Your Assets
It's normal to think of insurance as a way to financially protect your home, car, personal property, or even yourself, but did you know that your income is also an asset? if you are under-insured, your future wages can be used as a means to pay back a lawsuit and money that you owe due to an uninsured event. Don't get caught under-insured and have your wages attached. RCU Insurance Services offers many ways for you to have the protection you need including:
- Guaranteed Asset Protection (GAP)
- Mechanical Breakdown Protection (MBP)
- Accidental Death and Dismemberment
- Collateral Protection
- Payment Protection
- Long-Term Care
- Umbrella
- Home/Auto Loss Payee Info
- Get a Quote
Accidental Death and Dismemberment
Accidental Death and Dismemberment Insurance (also known as AD&D) covers death or dismemberment (loss of limbs) as a result of an accident. At Redwood Credit Union, we believe in your financial security. That's why we've made available this important coverage to help protect your future. As a part of our family, you can get valuable accident protection at affordable group rates.
To change information on an existing AD&D policy with CUNA Mutual, including the free, basic policies, please call toll-free 1 (877)-MEMBERS (1-877-636-2377). If your existing policy is with The Hartford through Affinion please call 1 (800) 860-7182.
Collateral Protection
A forced placed insurance to cover the collateral of a loan at a lending institution, usually an automobile. This insurance does not meet California’s legal requirements for a motorist since it does not insure the driver.
Payment Protection
Whether you're taking out a loan to make home improvements or buy a vehicle, it can be a financial gamble because things happen…life happens.
Help play it safe with Payment Protection *. Redwood Credit Union 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. 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), Payment Protection will cancel or reduce repayment of your loan debt. Help 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
Call Redwood Credit Union at 1 (800) 479-7928 and ask about protecting your loans, today.
Umbrella
Supplement your auto and homeowners policies with $1 million to $5 million of additional coverage for legal fees and settlement costs if you are a defendant in a legal action. Often known as an Umbrella Policy, this extra security could save you and your family from financial disaster. Once the liability limits are reached for your home, auto or other policies, an Umbrella Policy takes over and provides another layer of liability protection should you be sued and found legally liable for causing injury to someone else or damaging their property.
Deposit Insurance
Redwood Credit Union deposits are federally insured up to $250,000 per Member (in addition to a separate $250,000 insurance for IRAs) by the National Credit Union Administration (NCUA), a United States Government agency. This agency charters and supervises credit unions and insures savings in credit unions and most state-chartered credit unions across the country through the National Credit Union Share Insurance Fund (NCUSIF), a federal fund backed by the full faith and credit of the United States Government.
Free Quote
There is no cost and no obligation to receive your quote. Selecting your coverage is easy. We'll recommend the right amount of coverage in every area - from your home to your personal belongings to personal liability protection.
For more information on our insurance, get an online no-cost, no-obligationquote
For more information or to receive a no-cost, no-obligation insurance quote please get an online quote here or call us today: toll free 1 (866) 477-4225 or local (707) 576-5120.
