Frontpage Slideshow | Copyright © 2006-2012 JoomlaWorks Ltd.

Loan Protection Services

Payment Protection (Credit Life & Credit Disability)

Whether you're taking out a loan to make home improvements or buy a vehicle, it can be a financial gamble because things happen…life happens. You’re betting you can pay back your loan and won’t lose your job (due to no fault of your own), or become disabled (due to injury or illness), or pass away—leaving your family responsible for your loan balance.

Tampa Bay Federal Payment Protection is a voluntary loan-payment protection product that helps give you peace of mind by helping you and your family get relief from the financial burden if a protected life event unexpectedly happens to you. Simple eligibility requirements ease the enrollment process. The program is available as long as you meet the eligibility requirements at the time of application.

We offer two types of Payment Protection credit life and credit disability insurance.

  • Credit life insurance is designed to pay off the insured balance on your loan if you die.
  • Credit disability insurance is designed to pay your loan payments (up to the contract limit) if you become ill or disabled and are unable to work.

The program is available as long as you meet the eligibility requirements at the time of application.


Mechanical Breakdown

Your vehicle is a major investment. You want to protect it so you can drive it for many years to come. With Mechanical Breakdown (sometimes referred to as Bumper-to-Bumper Extended Warranty Coverage), your vehicle repairs are covered even if it is out of the manufacturer's warranty. You can purchase this coverage for both new and used vehicles through Tampa Bay Federal for less than what the dealers charge for comparable coverage. So, don't hesitate any longer. 

Online Price Quote or Learn More


Guaranteed Asset Protection (GAP)

You could lose more than your vehicle, boat, motorcycle, or RV if it is stolen or involved in a major accident. You could lose your investment and possibly risk your good credit rating. Because most insurance policies only cover the value of your vehicle - something that rapidly declines during the first few years of ownership - your Tampa Bay Federal loan balance could be higher than the value of your vehicle.

Now you can protect your vehicle, motorcycle, or RV investment with Guaranteed Asset Protection (GAP). GAP is a non-insurance product and is made available via a loan deficiency waiver that covers the "gap" between the vehicle's value and the amount you still owe. Essentially, GAP protects you, your credit, and your entire investment from substantial loss. 

Online Price Quote or Learn More


Verification of Insurance

As part of your loan obligation, you may be required to carry full coverage insurance to include comprehensive and collision (physical damage) with a deductible of $500 or less. In instances where you have requested a change in insurance carriers or are in between insurance providers, the previous insurance carrier notifies Tampa Bay Federal, as lien holder, of the discontinued coverage.

Tampa Bay Federal may purchase Collateral Protection Insurance (CPI) to protect our interest in your collateral. We will only do this after attempting to contact you. If CPI is purchased for your loan, your monthly payments may increase. The cost of this type of insurance is usually considerably more than the cost of traditional full coverage insurance you obtain on your own.

To provide verification of insurance and/or receive more information, please visit or fax the Declarations Page to 407.331.7971.

Apply for your loan through our secure Online Banking or by calling (813) 247-4414, ext 7605. Applications are also accepted at all branch locations.

todays rates text2


as high as 

1.90% APY

 Anniversary banner 218x255