CREDIT DISABILITY INSURANCE
What is credit disability insurance?
Credit disability insurance, also known as accident and health insurance, makes payments on the loan for a limited amount of time if you become ill or injured and cannot work. This optional coverage is available to purchase at the time you complete the financing arrangements for your boat. When purchased, the cost of the policy is typically added to the principal amount of the loan. Your TMFS loan processor will provide your information about the terms and costs of obtaining the insurance as it may affect the terms of the loan. Some policies combine Credit Life insurance
and Credit Disability insurance into one policy.