Insurance Programs

The Insurance Choice for Maine Credit Union Members

Monmouth FCU is partnered with Equinox, a local insurance agency that provides competitive rates for auto insurance and offer special discounts for Maine credit union members.
Equinox specializes in serving Maine credit union members and their families. Representing a wide variety of insurance markets, Equinox can provide you with a thorough review of your insurance needs including: Auto, Home, Renters, Motorcycle, Snowmobile, Rec Vehicle watercraft & more.
Request a FREE Quote Online or Contact Equinox Toll-Free: 1- 800-611-0345

Insurance products offered through Equinox are not insured by the NCUA. Decision to purchase or not to purchase insurance will not affect any loan decisions made by Monmouth FCU.

 

Accidental Death and Dismemberment (AD&D) Coverage

As a member of Monmouth FCU, you are qualified for $3,000 of no-cost insurance coverage through Minnesota Life Insurance Company.

This means that if you have a fatal accident, your beneficiary will receive a $3,000 cash benefit. There is no cost or obligation for this basic Accidental Death and Dismemberment (AD&D) coverage. However, you must activate it first. In addition to your complimentary coverage, you can also purchase additional coverage if you like.

To activate coverage, contact Minnesota Life at: 1-877-607-4376

Minnesota Life Insurance is not insured by the NCUA; not a deposit or other obligation of, or guaranteed by, the depository institution; The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by Monmouth Federal Credit Union.

GAP (Guaranteed Asset Protection)

This product helps members bridge the “gap” between the amount they owe and the amount the insurance company pays if a vehicle is stolen or totaled. Ask your loan officer about GAP during your next vehicle purchase. Eligible vehicles include: Automobiles (including light trucks and vans), Motorcycles, Snowmobiles, ATVs, Rec Vehicles and Watercrafts.

The benefit amount is calculated as the difference between the actual cash or market value of the vehicle (as established by the member’s insurance company) and the loan or lease pay-off amount. It includes the member’s insurance deductible up to $1,000. GAP Plus also pays a $1,000 credit toward the purchase of a replacement vehicle financed at the credit union.

To learn more, contact your Monmouth FCU loan representative at (207) 933-2667

Vehicle Service Contracts

Get peace of mind and protection against expensive, unexpected automotive repair costs when you purchase an Extended Vehicle Service Contract.

Put the brakes on expensive car repairs. A factory warranty may not be enough. Most major repairs occur after the manufacturer’s warranty expires. Consider adding an extended vehicle service contract to your loan.

To learn more, contact your Monmouth FCU loan representative at (207) 933-2667