Insurance and GAP Coverage
Protection for Members and Their Families
Life is unpredictable, but you can plan ahead to make sure you, your family and your assets are protected. As a Navy Federal member, you’re eligible to apply for affordable coverage with our partner insurance companies and explore our Guaranteed Asset Protection Program.
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Life Insurance
Whether you’re looking for a low-cost term life policy or lifelong protection available with whole life, you can protect those who depend on you.Footnote [1]
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Guaranteed Asset Protection (GAP)
If your car is stolen or totaled, sometimes there’s a gap between what your insurance company pays and what you still owe on your loan. GAP coverage offers you protection for eligible new and used vehicle loans.Footnote [2]
Additional Resources
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Navigating the Homeowner Insurance Claim Process
If you have a mortgage with us and unexpectedly have property damage, knowing ahead of time what steps you'll need to take can make the process smoother.
Learn More about Navigating the Homeowner Insurance Claim Process -
Make Sure You're Insured for Growth
As your business grows, your commercial insurance needs will change as well. A periodic review in these 5 areas can ensure you're appropriately covered.
Learn More about Make Sure You're Insured for Growth
Disclosures
Navy Federal Financial Group, LLC (NFFG) is a licensed insurance agency. Non-deposit investments, brokerage, and advisory products are only sold through Navy Federal Investment Services, LLC (NFIS), a member of FINRA/SIPC and an SEC-registered investment advisory firm. NFIS is a wholly owned subsidiary of NFFG. Insurance products are offered through NFFG and NFIS. These products are not NCUA/NCUSIF or otherwise federally insured, are not guaranteed or obligations of Navy Federal Credit Union (NFCU), are not offered, recommended, sanctioned, or encouraged by the federal government, and may involve investment risk, including possible loss of principal. Deposit products and related services are provided by NFCU. Financial advisors are employees of NFFG, and they are employees and registered representatives of NFIS. NFIS and NFFG are affiliated companies under the common control of NFCU. Call 1-877-221-8108 for further information.
Navy Mutual Aid Association, Covr Financial Technologies, LLC / MFG Group, Inc., SBLI, and TruStage Insurance are not owned by Navy Federal Financial Group, LLC or Navy Federal Credit Union. Life insurance coverages are written through non-affiliated insurance companies. NFFG and/or NFIS may receive a commission or royalty fee for insurance sales written though non-affiliated insurance companies.
↵Your purchase of Guaranteed Asset Protection (GAP) is optional. Whether or not you purchase GAP will not affect your application for credit or the terms of any existing credit agreement you have with Navy Federal. You may choose to pay the fee in a single lump sum or you may finance it into your loan, which would increase the cost (NOTE: California Active Duty and Active Reserve Duty servicemembers cannot finance the fee). If you cancel your optional GAP coverage within 60 days of enrollment, you will receive a full refund of any fees. Additional information will be provided to you, which will include a copy of the GAP Agreement and Disclosure (NFCU23A) containing the terms of the plan. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under the plan. You should carefully review the additional information for a full explanation of terms.
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