Vehicle Loans
What must my insurance policy include?
Your policy must include all of the following:
- Loss payable clause, naming Desert Financial Credit Union as lienholder
- Full collateral description, with collateral identification number
- Comprehensive and collision deductibles, not to exceed $1,000
- Coverage effective and expiration dates
Expired or canceled policies are not acceptable.
How do I provide Desert Financial with my insurance policy?
You or your insurance agent may choose one of four ways to submit your policy:
- Enter it online at https://www.myinsuranceinfo.com/
- Fax it to (800)709-4820
- Mail it to Desert Financial Credit Union, P.O. Box 2130, Sioux City, IA 51104
- Call our Insurance Center at (800) 653-8812, M-F between 8 a.m. and 9p.m. (EST) Sat 9a.m-6pm (EST)
How long do I have to purchase an extended warranty for my vehicle?
An extended warranty may be purchased even if you do not have your auto loan with Desert Financial Credit Union*. Extended warranties may be purchased out of pocket or financed** into your loan at any time, as long as the vehicle qualifies. Some vehicles may require an inspection. Please visit a branch for details.
*Membership required
**Subject to approval.
How long do I have to purchase Guaranteed Asset Protection (GAP)?
Guaranteed Asset Protection coverage may be purchased out of pocket or financed** into your loan within six months (180 days) of the funding date of you loan. Please visit a branch for details.
**Subject to approval.