Protect Your Loan
For your protection, Sun Federal offers several insurance products. Talk to one of our loan officers today for more information.

SunGuard Member Payment Protection
Guaranteed Asset Protection
Mechanical Repair Coverage
Member Notice of Collateral Insurance Requirement

Home Insurance
Sun Federal offers affordable home insurance through our partner, Liberty Mutual Insurance Company and its affiliates. Get a free quote, understand coverages, and keep your home safe.
Get a free insurance quote online

Auto Insurance
Sun Federal offers affordable affordable auto insurance through its partners, Liberty Mutual Insurance Company and its affiliates. Get a free auto quote, understand coverages, and make sure you're safe on the road with safety information.
Get a free insurance quote online
 

SunGuard Member Payment Protection
Protected Events. A loan is protected according to the terms of the contract if you're enrolled for the specified program protection & you've paid the applicable fee.

Loss of Life. If you die, we will cancel 100% of the loss of life amount. For each protected borrower, the loss of life amount is the lesser of the protected balance or $50,000 for Consumer & Visa loans or $75,000 for Home Equity loans.

Disability. Disability means that you are:

• unable to engage in the significant duties of your occupation for at least 14 consecutive days due to an accidental injury or a sickness; and

• under the regular care and treatment of a physician; and

• not working at any job, or combination of jobs, paying you an income equal to or exceeding 80% of the wages you were earning from your full-time employment immediately preceding the date you became disabled.

After you have been disabled for 12 months, the definition of disability changes and means that due to an accidental injury or a sickness you are:

• unable to engage in the significant duties of any occupation for which you are reasonably qualified by training, education, and experience; and

• under the regular care and treatment of a physician.

If you are employed full-time and become disabled, we will cancel the daily payment for each day that you are disabled:

• beginning with the 15th day of disability;

• for the next 24 months or until the entire protected balance is cancelled, but not more than $24,000 per period of disability.

Unemployment. Involuntary unemployment means that for at least 14 consecutive days you are not working at any job, or any combination of jobs for 25 hours or more per week and that you are actively seeking full-time employment. This includes honorable discharge from active military service by the United States Armed Forces. Involuntary unemployment does not include any annual, regularly scheduled, or seasonal layoff or any period of unemployment that occurs while you are a temporary employee, independent contractor, self-employed, or employed by a joint borrower. It also does not include any retirement, vacation, strike, unionized labor dispute, lockout, sabbatical, family leave, disability, termination due to your willful or criminal misconduct, resignation by agreement with your employer, voluntary furlough, voluntary unemployment or voluntary loss of wages.

If you are employed full-time and become involuntarily unemployed, we will cancel the daily payment for each day that you are involuntarily unemployed:

• beginning with the 15th day of involuntary unemployment or the first day after any severance pay has ceased, whichever comes later;

• for the next 6 months or until the entire protected balance has been cancelled, but not more than $3,000 per period of involuntary unemployment.

We will initially require proof that you have received federal, state, or railroad unemployment benefits for the period of unemployment to determine if you meet the definition of involuntarily unemployed. You must provide evidence of your continued involuntary unemployment each month by demonstrating your continued registration with a state unemployment office or a recognized employment agency.

Guaranteed Asset Protection
Guaranteed Asset Protection (GAP) offers you the peace of mind of knowing that you will be covered for the difference between the actual cash value of your vehicle and the loan balance.

What can GAP Protection do for you? Vehicles start depreciating the moment you drive them off the lot. Many people assume if their vehicle is stolen or damaged beyond repair, their insurance coverage will pay the remaining balance owed to the lender. This is not always so. In many cases, the amount paid to you by the insurance company may be less than what you owe the lender—and you are held responsible for the difference. GAP Protection can cover this "gap" for you. Check out the GAP Plus Features and Benefits sheet for more information.

Mechanical Repair Coverage
As your car ages and racks up the miles, it could also rack up some major repair bills! MEMBER’S CHOICE Mechanical Repair Coverage (MRC) pays for covered mechanical repairs. For a few dollars a month, you can protect your vehicle and your finances from expenses that could total hundreds or even thousands of dollars. Check out the Mechanical Repair Coverage Features and Benefits for more information, or call or visit your local branch.