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Additional insurance protection — just in case life throws you a curve.

If you suddenly found yourself financially strapped when an unforeseen event shakes your life, what would you do? How would you pay your bills? What would happen to your savings? Or your family?

That’s why many people don’t mind paying a little more money to receive a lot more protection.

To provide you with extra peace of mind, ALEC offers a choice of optional insurance products that can ease the financial burden if trouble strikes.


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Vehicle and Loan Protection

Buying or leasing a car can be expensive. But the price of major repairs or the sudden loss of your vehicle could cost you almost as much.

That’s why many people consider additional protection for their vehicle, as well as their loan. For a few dollars more each month, it’s nice to know you’re covered when something suddenly happens.


Mechanical Breakdown Protection Guaranteed Asset Protection (GAP)
Mechanical Breakdown Protection-Adult man using jumper cables Guaranteed Asset Protection-inspection of the car after accident

This coverage pays for mechanical repairs outside the manufacturer’s warranty.

Features and benefits:

  • Nationwide protection
  • 24-hour roadside assistance
  • Rental vehicle assistance
  • Transferable coverage/increased resale value

If your vehicle is stolen or totaled, GAP pays the difference or “gap” between your primary insurance settlement and your outstanding loan balance — which could save thousands in out-of-pocket costs.

Features and benefits:

  • Up to $50,000 in coverage
  • Maximum loan term is 84 months
  • Auto Deductible Reimbursement (ADR)
  • Easy to purchase
  • Available for a variety of loans

Credit Life and Credit Disability Protection

Protect your family from the unexpected. Take comfort knowing your loan debt will be paid for you in the event of sickness, injury, or loss of life.

Credit Life Protection

If you die before fully repaying your loan, this coverage reduces or pays off an outstanding loan balance, up to the policy maximum.

Credit Disability Protection

If you suffer a covered illness or injury that reduces or eliminates your income, this coverage automatically makes your monthly loan payment, up to the policy maximum.


When you’re ready, so are we.


Additional Resources:

Avoid Car Buying Mistakes

A helpful article on what to look for, and what to avoid, when buying a car.

Auto and Home Insurance

ALEC offers affordable and comprehensive insurance coverage.

Do You Need GAP Insurance?

A helpful article to determine whether it is a worthwhile investment.