Verify Insurance

Verify Insurance

I have a loan with Achieva Credit Union.  Why should I verify my insurance?

One of the requirements of the Loan Agreement you signed with Achieva Credit Union is to provide comprehensive and collision coverage, homeowners insurance coverage, or flood insurance coverage protecting Achieva's interest for the full term of your loan.  You are responsible for notifying Achieva that you have this required insurance.

How do I notify Achieva that I have the insurance required by my loan?

You have convenient options for notifying Achieva of your insurance coverage:
For Vehicle, Motorcycle, or Boat Loans Only

  1. Submit Insurance Information Online. Click here, or
  2. Fax a copy of your policy to: (800) 713-0261, or
  3. Call: (800) 653-8812, or
  4. Mail a copy of your policy to: Achieva Credit Union, P.O. Box 1500, Dunedin, FL 34697

For Mortgage or Home Equity Loans Only

  1. Fax a copy of your policy to: (972) 672-4248, or
  2. Call (877) 894-3175, or
  3. Mail a copy of your policy to: Achieva Credit Union, P.O. Box 1500, Dunedin, FL 34697

What do I do if I don't have insurance?

You need to get it.  Your loan agreement requires that you carry physical damage insurance coverage, homeowners insurance coverage, or flood insurance coverage to protect Achieva's interest.  Please notify Achieva once you have obtained the required insurance.

 

You can do it yourself.

Please contact the insurance agent or insurance company of your choice to obtain coverage, making sure to name Achieva Credit Union as Loss Payee/Lien holder on your new policy.

Or we can do it for you.

If you don't obtain your own insurance, your signed Loan Agreement allows Achieva to purchase insurance to protect our interest in your collateral, and add the premium for the purchased insurance to your loan balance.  It also allows Achieva to increase your payments to cover the cost.  The insurance purchased by Achieva usually is considerably more than the cost of insurance you maybe able to obtain on your own, and only protects Achieva's interest in your collateral.  It will not provide any bodily injury or property damage liability coverage, nor meet any financial responsibility or no-fault laws.  The insurance will not provide medical insurance, uninsured motorist or underinsured motorist coverage.