Payment Protections
"I plan to make all my payments on time, but it would be nice to have something to fall back on if the unexpected happens."
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Submit a claim
If things get rough, let us offer you a helping hand.
As we well know in Pittsburgh, it's hard to predict tomorrow's weather, let alone events that might occur years into the future. Because life can come at us unexpectedly fast and hard, Clearview offers low-cost payment protections that cover your loan repayment responsibilities should you pass away, become disabled, or lose your job. Your fees can be rolled into the total loan amount and paid monthly.Debt protection may cancel your loan balance (up to the agreement maximum) or monthly loan payment without penalty or added interest due to an unexpected event. You can select the optional plan that will support your family’s financial protection needs.
- Life: Protect your family from inheriting your debt. Life cancels your loan balances up to a maximum of $100,000 should you die before paying off your loan.
- Disability: Cancels your monthly loan payments (up to the agreement maximum) if you're unable to work due to illness or injury.
- Involuntary Unemployment: Think about how relieved you would be if you didn't have to make loan payments during a layoff. Involuntary Unemployment cancels your monthly loan payment (up to the agreement maximum) if you become involuntarily unemployed.
What is Total Loss protection?
Accidents happen, but with our Total Loss Protection solutions you're covered regardless of the situation! Guaranteed Asset Protection (GAP) protects negative equity while Depreciation Protection protects positive equity. Make sure your vehicle loan is protected in the event your vehicle is deemed a total loss or stolen and not recovered. Contact us to learn more about which product is right for you.What is Guaranteed asset protection (GAP)?
Should your vehicle be deemed a total loss or stolen, GAP can help you avoid financial loss by waiving your remaining loan balance not covered by your insurance settlement (up to the agreement maximum 140% LTV). GAP Advantage also provides you with a $1,000 credit towards the replacement vehicle financed with Clearview Federal Credit Union.To thank you for purchasing GAP, we'll provide you with Auto Advantage, which includes the Auto Deductible Reimbursement (ADR) benefit, which will reimburse your deductible for any loss covered by your auto insurance policy for ALL passenger vehicles you own and insure, up to $1,000 for three (3) years, with unlimited claims!
What is depreciation protection?
Depreciation Protection protects your vehicle equity and hedges against depreciation over the life of the loan. In the event your vehicle is deemed a total loss or stolen, Depreciation Protection provides a waiver benefit equal to the difference between the vehicle value at the time of purchase, less the loan balance at the time of total loss (up to the agreement maximum or the outstanding loan balance, whichever is less).To thank you for purchasing Depreciation Protection, we'll provide you with Auto Advantage, which includes the Auto Deductible Reimbursement (ADR) benefit, which will reimburse your deductible for any loss covered by your auto insurance policy for ALL passenger vehicles you own and insure, up to $1,000 for three (3) years, with unlimited claims!
Submitting a payment protections claim
In your time of need, our claims process is quick and easy. If you elected payment protection on your loan, you can file your claim at securian.com/benefits or call 1-800-328-9442.
What's included?
- Low-cost protection options
- Choice of packages
- Coverage for auto, powersports, personal loans, and credit cards
This product is optional. Your purchase of debt protection is optional. Whether or not you purchase this product will not affect your application for credit or the terms of any existing credit agreement you have with us.
Additional disclosures. We will give you additional information before you are required to pay for debt protection. This information will include a copy of the contract containing the terms and conditions of debt protection.
Eligibility requirements, conditions, and exclusions. There are eligibility requirements, conditions and exclusions that could prevent you from receiving debt protection benefits. You should carefully read your debt protection contract for a full explanation of the terms and conditions of the debt protection program.
Additional disclosures. We will give you additional information before you are required to pay for debt protection. This information will include a copy of the contract containing the terms and conditions of debt protection.
Eligibility requirements, conditions, and exclusions. There are eligibility requirements, conditions and exclusions that could prevent you from receiving debt protection benefits. You should carefully read your debt protection contract for a full explanation of the terms and conditions of the debt protection program.
Questions about payment protections?
Please have this information ready about the covered person:
- Full name
- Date of birth
- Address
- Date of event
- Cause of event
You can start the process online at securian.com/benefits and following the steps below.
- Select the “bank, credit union, finance company, mortgage company” button
- Click on “Start a new claim”
- Once the claim is received, it will be reviewed and you will be notified if it is approved, denied, or if more information is needed
- Please continue making the loan payments until a claim decision is communicated to you
- Once you’ve reported a claim, access your claim information and status at securian.com/benefits
You can start the process over the phone by calling the claim contact center at 1-800-328-9442.
- Once the claim is received, it will be reviewed and you will be notified if it is approved, denied or if more information is needed
- Please continue making the loan payments until a claim decision is communicated to you
- Once you’ve reported a claim, access your claim information and status at securian.com/benefits
