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We know that life can be unpredictable and accidents happen; Tower can help you be prepared for life’s unexpected events. Our vehicle protection options give you peace of mind knowing that your assets are protected and help you avoid costly out of pocket expenses for the “what-ifs” in life.

With an Extended Warranty (Service Contract) from Tower, you can protect yourself from the expense of unexpected repairs long after your basic manufacturer’s warranty has expired. Tower’s Platinum and Gold plans can be purchased at any time.

Eligible vehicles include: new and used cars, light trucks, vans, and SUVs

Member benefits include:

  • Choice of $0 or $50 deductible options
  • Includes coverage for:
    • Roadside assistance
    • Rental car reimbursement
    • Key fob coverage
    • Dent repair
    • Windshield repair
  • Vehicles with high mileage —up to 156,000 miles are available for coverage
  • Competitively priced coverage with affordable premium options
  • Contract is fully transferable, increasing the resale value of your vehicle
  • Coverage is available without a loan

All plans exclude coverage for vehicle basic wear and tear, maintenance, and cosmetic issues. For a full list of exclusions, refer to the Sample Contract, page 5.

Your purchase of an Extended Warranty is optional. Whether or not you purchase an Extended Warranty will not affect your application for credit or the terms of any existing credit agreement you have with Tower. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits of an Extended Warranty. You should carefully read the contract for a full explanation of terms. Cost can be included in your loan payment or paid in one lump sum from your Tower account.

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In the event of a total loss or theft, Tower’s Guaranteed Asset Protection (GAP) Advantage with PowerBuy can pay up to the remaining balance of your vehicle loan after your insurance payout AND provide you with additional funds to finance your next vehicle with Tower.

Eligible vehicles include: new and used cars, light trucks, vans, SUVs and motorcycles.
(Motorcycles are not eligible for Auto Deductible Reimbursement).

Member benefits include:

  • Low price of $449 that can be financed conveniently into your Tower vehicle loan
  • Auto Deductible Reimbursement—lnsurance deductible reimbursement up to $500 for minor collisions in the first 36 months of coverage on an unlimited number of claims
  • Auto Advantage Protection—$1,000 towards the purchase of a replacement vehicle financed with Tower. (Replacement vehicle must be financed with Tower within 90 days from insurance settlement date.)
  • PowerBuy Benefit—Up to $2,500 towards the purchase of a replacement vehicle financed with Tower.
  • Access to a dedicated, knowledgeable Tower claims advocate—an expert at working hand-in-hand with the claim company’s processors on your behalf.

How GAP Advantage with PowerBuy Works

Your purchase of GAP Advantage with PowerBuy is optional. Whether or not you purchase GAP Advantage with PowerBuy will not affect your application for credit or the terms of any existing credit agreement you have with Tower. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits of GAP Advantage with PowerBuy. You should carefully read the contract for a full explanation of terms. Cost can be included in your loan payment or paid in one lump sum from your Tower account.

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Tower’s Loan Payment Protection protects you and your family when an unexpected tragedy occurs. Payment protection can pay off your loan in the event of death, or make payments on your behalf in the event of disability or other protected events.

Payment Protection can help safeguard you and your loved ones by covering your loans if you or your co-borrower are unable to make payments.

Available packages include:

  • Life
  • Life and Disability
  • Life, Disability and Involuntary Unemployment
  • Life, Disability and Family Medical Leave

All packages include Funeral Concierge Service as an added benefit.

Your purchase of Loan Payment Protection is optional. Whether or not you purchase Loan Payment Protection will not affect your application for credit or the terms of any existing credit agreement you have with Tower. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits of Loan Payment Protection. You should carefully read the contract for a full explanation of terms. Cost can be included in your loan payment or paid in one lump sum from your Tower account.

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Not a member of Tower Federal Credit Union yet? See if you are eligible to join!

For further assistance, please visit a branch or call our Member Service Center at 301-497-7000 or 866-56-TOWER.