KALSEE Credit Union offers many member-friendly insurance services for your personal or family needs.
Other Insurance Offerings
- Credit Life (most loans)
- Credit Disability (most loans)
- Gap (see below)
Please feel free to contact us at 269.382.7800 or toll-free at 877.KAL.SEE1 with any questions you may have or for additional information.
How does Gap work?
Your Gap Insurance Policy eliminates (pays off) the difference between the actual cash value of your vehicle and the remaining balance of your loan.
If your car is stolen and never recovered or declared a total loss due to an accident, your auto insurance company will pay the actual cash value of the car, which can be less than you owe on your loan. Without Gap, you’re still responsible for paying the difference between the actual cash value and the amount left on the loan. This might mean having to come up with hundreds or even thousands of dollars to pay that debt.
Gap insurance eliminates the need for you to pay the difference.
KALSEE Gap Insurance is a Bargain. Here’s Why:
The cost of a KALSEE gap policy is a one-time low fee of $325.00 for the life of the loan. This is a bargain when compared to car dealerships, which typically charge upwards of $700.00.
As an added value, gap insurance through KALSEE pays you an additional $1,000 toward the purchase of a replacement vehicle when you finance through KALSEE Credit Union.
To find out more about Gap, please call us at 269.382.7800 or toll-free at 877.KAL.SEE1.