Home | Loans & Credit Cards | Insurance
Insurance
We take the job of protecting our member’s financial welfare seriously at SkyOne. That’s why we offer a comprehensive set of insurance programs including:
Auto and RV Insurance
SkyOne now offers flexible, affordable coverage options to meet the needs of every driver through our new partnership with United Insurance Partners (UIP). Get your quote today! You may qualify for a range of cost-saving discounts and credits.
Your car isn't just a set of wheels — it's part of who you are. At SkyOne, we understand that.
Guaranteed Auto Protection (GAP)
GAP eliminates "out of pocket" expense for a deficiency between the loan balance and actual insurance settlement amount should your vehicle be damaged beyond repair or stolen and never recovered. It’s a great, low cost way to guarantee that your vehicle investment and finances are protected. For pennies per month, GAP allows you to drive with peace of mind knowing you are completely covered. GAP highlights include:
- Cost is as low as $250, and can be financed into your loan
- Coverage is available for autos, jet skis, motorcycles, ATVs, snowmobiles, boats, travel trailers and motor homes
- Available on refinanced loans from other financial institutions
- Payment of benefits up to $50,000
Back to top
Mechanical Breakdown Protection (MBP)
SkyOne’s MBP can offers significant savings on extended warranty coverage when compared to dealer rates. It's available for both. For a fraction of what auto dealers charge for similar coverage, you can protect your new and used vehicles from possible unforeseen mechanical issues.
- New/Used vehicle coverage is available up to 6 years / 100,000 miles
- Four packages available: Standard, Prefer, Deluxe and Supreme
- Available for vehicles less than 12 years old and with fewer than 90,000 miles
- Various deductible options available ($50, $100 & $200)
- Covers all factory installed major parts
- Members only pay the deductible portion when repairs are complete
- Repairs can be done by any licensed mechanic
- Transferable or refundable when auto is sold
- You don't need to have a loan with the Credit Union to purchase the MBP Insurance
- Includes benefits such as rental car reimbursement, trip interruption, tire coverage, lost key/lockout service, travel reimbursement and towing
Back to top
Accidental Death and Dismemberment (AD&D)
Covers members up to $1,000 upon accidental death or accidental injury to a member’s limb, sight or hearing at no cost to members. This includes:
- FREE coverage: $1,000 (Primary member only)
- Additional coverage up to $300,000 can be purchased
- Member’s premiums for additional AD&D is deducted from savings or checking
- New members receive an application form for enrollment through the mail
Learn more and enroll today!
Back to top
Collateral Protection
Collateral Protection protects from unforeseen events and times when you may find yourself without insurance. It is added to a member’s loan should they not provide adequate insurance coverage on collateralized loans:
- Insures against loss due to collision, fire or theft of collateral
- Collateral Protection Insurance will be cancelled when proof of insurance is provided
- Refunds are applied toward the outstanding loan balance
Back to top
Credit Disability
Getting injured on the job can affect your financial status just as much as your physical status. Credit disability insurance from SkyOne can help cover your loan payments if you become disabled. Some points to consider:
- Pre-existing conditions and certain benefit exclusions may apply
- Only the primary borrowers are eligible
- Premiums are added to the loan balance monthly
- Maximum total monthly disability benefit of $600
- Eligible members must work at least 30 hours per week and are under the age of 65
- Disability benefit will begin on the 31st day of disability
Back to top
Credit Life Insurance
Can pay off a member or co-borrower’s loan balances if they die. It’s nothing anyone wants to think about, but should a family member die, this insurance removes the burden of assuming your loved one’s debt:
- Applicants must be under age 70
- Single rate: $ .83 per $1,000
- Joint Rate: $1.26 per $1,000
- Joint coverage available
- Pre-existing conditions and certain benefit exclusions may apply
- Premiums are added to the loan monthly
- Maximum coverage is $50,000
- Maximum age for coverage is 70
Back to top
Long-Term Care Insurance
Long-term care insurance is a crucial part of any sound financial plan. After all the hard work you put into building your savings, protecting your assets – and your family’s welfare – is the next critical step. We have partnered with CoolLTC to connect you with trusted insurance providers and provide a long-term protection program to suit your needs.
- FREE Living Will
- Choice of LTC insurance plans from top rated carriers that provide flexibility and a wide array of benefits and options
- Discounted premiums for members and their families
- Access to specialists representing a broad array of long-term care insurance companies
- The most accurate and up-to-date information available with all of the facts necessary to make an informed decision
- Completely portable coverage. Should you relocate, you can take your policy with you
- Long-term care policies with flexible features
- FREE access to Care Options OnLine (COOL)
Click Here to get started.
Back to top
Can’t find the information you need?
|
