Consumer Loan Payment Protection

Protecting yourself, your family and your property from life's unexpected events requires planning. That's why SDCCU provides choices for insurance protection services. From vehicle protection to personal protection, we carefully choose products and service providers to ensure our members have the best possible choices.

Proof of Insurance
If you have an auto or home loan with San Diego County Credit Union, you may be required to provide proof of insurance. SDCCU has partnered with Allied Solutions to track and verify insurance coverage. If you have received a letter from Allied Solutions asking for verification of insurance, please update your insurance information.

You may also fax your proof of insurance to (858) 597-2593 or bring it to any SDCCU branch. For more information, please contact Allied Solutions directly at (877) 732-2848, ext. 7550, or visit Allied Solutions online.

Guaranteed Asset Protection

Protect your vehicle investment with Guaranteed Asset Protection (GAP). If your new or used vehicle is stolen or involved in an accident, GAP can shelter you from a potential loan deficiency by covering the "gap" between the value of your vehicle and the amount you owe on the loan. GAP is designed for all drivers, whether you finance a new or used vehicle and covers automobiles, vans and light trucks.

GAP covers the difference between your primary insurance company's Actual Cash Value determination and the payoff of your loan.¹ Delinquent payments, late charges, refundable service warranty contract, other insurance-related products and interest charged after the date of loss will be deducted from the GAP settlement.

Should you suffer a total loss or unrecoverable theft, GAP provides an additional benefit of $1,000 toward the down payment for your replacement vehicle. To qualify for this benefit, the replacement vehicle must be financed with San Diego County Credit Union within 90 days of the date of loss.

Ask for GAP when you apply for an auto loan.

Apply Online

Mechanical Breakdown Insurance (MBI)

Mechanical Breakdown Insurance (MBI), commonly referred to as an extended warranty, is designed to protect you from the high cost of repairing mechanical components due to mechanical failure.² All of our plans feature no deductibles. Your out-of-pocket expenses are limited to replacement fluids and sales tax on parts.

There are three plans available and eligibility is based on the year and mileage of the automobile. All plans reimburse the repair facility for the cost to repair a covered mechanical breakdown, less the replacement fluids and sales tax.

Additional protection on all plans includes:

24-Hour Roadside Assistance
Car Rental
Safe and Secure Package

MBI may be included in your auto loan payment or purchased separately for any vehicle financed with SDCCU. Call us at (877) 732-2848 or visit one of our convenient branch locations for program specific details and more information.

Apply Online

Payment Protection

Payment Protection³ for SDCCU Visa^®credit cards, auto/motorcycle loans and signature loans is a non-insurance product that may cancel your outstanding loan balance or your monthly payment in the case of a tragic event such as death, disability or involuntary unemployment⁴.

When faced with an unexpected event, Payment Protection can provide peace of mind by supplementing any insurance or savings you may already have to help get you through a difficult time. Consider all of your monthly expenses, such as housing, groceries, medical, childcare, vehicle and credit card payments. If something were to happen to you, would you and your loved ones have enough to get them through? This Payment Protection program has successfully helped cover the payments of over $470,000⁵ in outstanding loans for SDCCU members who have faced hardships relating to death, disability and involuntary unemployment.

Why Payment Protections Might Be Right For You

Helps protect your credit rating by saving you from defaulting on a loan
Can provide a financial safety net when you or your loved ones may need it most
Cancel at any time; any fees already paid will be refunded if canceled in the first 30 days⁶

Protection Plan Options

To sign up for Payment Protection, call us at (877) 732-2848 ext. 3100 or visit any of our convenient branch locations.
Apply Online

FAQS

Frequently Asked Questions

Can a member sign up for Payment Protection anytime?

Members can enroll in Payment Protection anytime for all SDCCU Visa credit cards. For auto loans and signature loans, members must enroll at the time of loan funding.
How much does Payment Protection cost?

The cost of Payment Protection depends on the plan chosen by the member at the time of enrollment. Rates are per $1,000 of the monthly loan balance. Please refer to the Payment Protection Matrix for coverage costs.
What are the benefits of Payment Protection?

The Payment Protection program will cover the member’s monthly loan payments and/or will pay off the loan balance in full depending on the covered event. The benefit is based on the plan selected by the member at the time of enrollment.
What are the eligibility requirements?

Members must complete the Application Eligibility section of the Application/Disclosure form to determine if the member qualifies for Payment Protection. Please refer to the Payment Protection Quick Reference Guide for the exclusion details.
What are the Payment Protection plans offered by SDCCU?
SDCCU offers three types of coverage that can be combines in a variety of options on a member’s loan:
- Death/Terminal Illness – In the event of a member’s death or diagnosis of terminal illness, the balance will be paid in full up to $50,000.
- Disability/Hospitalization – In the event that a member becomes disabled, their minimum loan payment will be paid up to $750/month.
- Involuntary Unemployment – In the event that a member becomes involuntarily unemployed and is receiving unemployment benefits, their minimum loan payment will be paid for up to 6-months, up to $750/month.
What is Payment Protection?

Payment Protection is a debt cancellation program that protects the member and the credit union in the event of a member’s death or terminal illness, disability/hospitalization or involuntary unemployment.

¹Coverage applies to insurance deductibles no greater than $1,000. Guaranteed Asset Protection Advantage is administered by Southwest Business Corporation^® (SWBC). License #0516221.
²Vehicle must be maintained according to the manufacturer's specifications. For complete details, including limitations and exclusions, please refer to the MBI Certificate. Mechanical Breakdown Insurance is administered by Route 66 Extended Warranty and is underwritten by American Bankers Insurance Company of Florida^®, a member of Assurant Group^®. This product is not insured by the National Credit Union Administration. The purchase of this product is optional and will not affect your application for credit. CA License #0D60418.
³Payment Protection for SDCCU credit cards can be purchased at any time. Payment Protection for SDCCU auto, motorcycle and signature loans must be purchased at the time of loan funding.
⁴Unemployment protection is only available when combined with one of the other protection coverages.
⁵A total of $479,573.43 was paid out to SDCCU members from the years 2020-2024.
⁶Free 30-day look only applies when Payment Protection is purchased with your SDCCU credit card.

Your purchase of Payment Protection is optional. Whether or not you purchase this product will not affect your application for credit or terms of any existing credit agreement you have with us. These products are not insured by the National Credit Union Administration. The information provided here is not a contract. It is a general summary of product benefits, and its contents are limited due to size.

SDCCU has over 30,000 surcharge-free ATMs and 39 branch locations.

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