It is a requirement of Andrews Federal Credit Union that while your vehicle is financed with the Credit Union, you carry full coverage insurance on that vehicle. Should you fail to maintain the required insurance throughout the life of the loan, the Credit Union may purchase a policy for its own protection and pass the cost of the policy on to you, the borrower.
Please refer to the following primary insurance requirements:
- Continuous insurance coverage with no lapses
- Andrews Federal Credit Union, PO BOX 924539 Fort Worth, TX 76124 named as lien holder or loss payee
- Comprehensive and collision coverage (or physical damage) with deductibles not greater than $1000
- Proper collateral listed (VIN, Make, Model must all match what is listed on the loan documentation)
- No restricted drivers
Please have your insurance company fax a declaration page showing the above coverage to 877-845-4631 or you may upload insurance directly to myloaninsurance.com/andrewsfcu.org
You may also call our insurance department directly with questions at 877-576-7640.
If you are planning to store your vehicle, approval is needed. Please contact us through your online banking secure messaging, in branch, or by calling 800-487-5500 for the requirements and necessary documentation.