for credit unions
Protect Your Members.
Grow Your Non-Interest Income.
Transform your credit union into a holistic financial partner with Coverly Home Protection plans.
About Coverly for Credit Unions
Our leadership's background in the credit union space makes us committed to elevating member satisfaction while supporting the financial health of credit unions. That's why we've developed industry leading solutions inspired by the mission of your community focused organization.
The Trusted Alternative to Other Warranty Brands
Trust-First Approach
Transparent pricing, comprehensive coverage, and proven member satisfaction.
Data-Driven Plan Design
Coverage plans built on actual repair risk data, so members are protected where it counts instead of overpaying where it doesn't.
Member Chosen Technicians
Members choose their own trusted technician instead of relying on a limited contractor network.
AI-Powered, Hassle-Free Claims
Deliver faster resolutions and faster reimbursements with our intelligent claims support.
Why Partner With Coverly?
Boost Loyalty
Bundling home protection plans with mortgages and loans strengthens the ownership experience and boosts retention rates by up to 12%.
Diversify Income
Home protection plans provide stable non-interest revenue, with renewals creating recurring income.
Differentiate & Add Value
Offering home protection positions credit unions as holistic financial partners, with 78% of members preferring institutions that provide these solutions.
Reduce Risk
Covering repair costs lowers out-of-pocket expenses, helping members feel more secure and making them 15% less likely to default.
Other home warranty companies are notorious for confusing contracts, service delays, and overpriced coverage. We built Coverly to change that.
Empowering Homeowners
Homeowners choose their own trusted technician instead of being limited to a pre-selected contractor list prone to delays,
More Coverage for Less
Our data driven plans power affordable yet comprehensive protection.
AI-Powered Claims
Quicker claims process so homeowners don't wait long to get the repair or replacement done.
Clear and Honest Coverage
We outline what’s covered, what’s not, and what it costs, so there are no fine-print surprises
At Your Service
We offer 24/7 claims support via online portal and phone.
Rapid Reimbursement
We reimburse within 48 hours versus the industry average of up to 30 days.
Why Coverly
What to Expect
Easy Integration
Seamless integration into your website and lending systems.
Low Effort Implementation
We handle 90% of the setup, so you can launch faster with less effort.
Ongoing Support & Reporting
We analyze your data metrics and work with you to maximize member reach and satisfaction.
Championing Member Satisfaction
Coverly handles 24/7 claims and member support so your team doesn’t have to.
Leverage Home protection plans to offer financial security to your customers.
FAq
Your Questions, Answered
Using a data-driven approach, we provide faster claims processing, more comprehensive plans at less expensive rates, and personalized coverage that adapts to homeowners’ specific needs.
Another major differentiator is that members can choose their own repair technician, whereas most competitors rely on a technician network which can result in scheduling headaches, repair delays and poor service, or claim denials.
Lastly, Coverly’s leadership team has extensive experience in the credit union space and understands the value of member trust to credit union well being. Coverly was founded as a trustworthy and reliable alternative to leading home warranty companies.
Yes, we are open to partnering with additional industries. Contact us and our team will reach out to you to schedule a call.
We have a range of add ons and coverage can be customized based on your members specific needs. Contact us to learn more.
Contact us and our team can share a detailed overview of options tailored to your market.
Our home warranty plans last one year and members have the option to renew or extend their coverage. We offer short term home guarantees in addition to long term warranties. Contact us for more information.
Yes. They may cancel their plan at any time. If they cancel within the first 30 days, they are entitled to a full refund unless they made a claim. After 30 days, we will prorate a refund, less any claims paid, and applicable cancellation fees.
The Coverly Home Protection Plan is administered by AssureSolv, a leading digital-enabled warranty administrator, and insured by AmTrust, an “A-“ insurance carrier. Together, members can enjoy peace of mind and confidence that their protection plan has them covered.
Yes.
Yes.
Members easily file a claim through our online portal, chat, or phone. If the breakdown is covered, they be provisionally approved to proceed with choosing your preferred service technician to repair the covered breakdown. They’’ll be responsible to ensure that the breakdown is in the inclusion of their service agreement and pay the service technician. We’ll reimburse them for all covered repairs, less the applicable deductible (or service fee).
Yes.
We use Stripe for secure transactions.
Claims can be processed online in minutes. Customers must provide all the necessary information so you can receive a provisional approval to get repairs started.
In contrast to many home warranty companies, we operate in all 50 states
Yes.
We strive to respond to all inquiries within the same day received.
Yes, please contact us for more information.