First Service Corporation - We have deep roots

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First Service Corporation has its roots back to 1929 as a local all lines agency servicing the general public in the Greater-Detroit area.

In 1964, Paul Naz, owner and founder of First Service Corporation, made the decision to invest in and focus on providing premiere insurance protection programs to financial institutions and their borrowers. Paul covered the entire state of Michigan for 11 years, calling on and building relationships with financial institutions. In 2013, Paul passed away leaving a legacy through First Service Corporation, and a mark on the financial institutions that he had the pleasure of working with.

First Service Corporation celebrated its 50th year anniversary in 2014. First Service Corporation continues to service insurance programs for over 150 lenders and their borrowers in 13 states. The key to continued growth has been an unwavering commitment to best-in-class service. First Service Corporation continues in the specialization of insurance products for Financial Institutions and their borrowers, which is their only line of business. First Service Corporation proud to be an integral part of the fabric within the Michigan Financial Institution Community.

Do you "Like" us?

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Did you know First Service Corporation has a Facebook page? Insurance isn't fun to talk about, we get it, but we promise we're not always talking about insurance. Travel the state of Michigan as well as other states visiting local financial institutions. So whether you want to keep up with our latest First Service posts, see beautiful pictures of where we are traveling, or just need another Facebook page to “like”, the First Service Facebook page has it all.

Click the button below to check out our Facebook page.

Is there a GAP in your coverage?

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GAP is a debt waiver that eliminates the out-of-pocket expense incurred should there be a difference between the actual cash value and loan payoff when a vehicle is stolen or totaled.

Why GAP Protection?

  • Vehicles lose 20% of their value the minute they are driven off the lot
  • Vehicles continue to depreciate 15-20% per year of ownership
  • Technology advancements are increasing the cost to repair vehicles and causing more total losses
  • Nearly 20% of accidents result in total loss
  • 1 million cars are stolen annually with fewer than 60% recovered

GAP Protection is a valuable coverage that can help minimize financial risk in the event that your vehicle to totaled or stolen. After all, things happen, but at least we you can be covered for the unexpected!

To learn more about the GAP program and to see if you are eligible, ask your financial institution for more details. 

What's Credit Insurance?

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Credit Life Insurance evolved from the concept advanced by the insurance industry that “No Debt Should Survive Its Maker or Ever Become a Burden to Others.” Credit Insurance is typically purchased when you are taking out a loan to purchase a car, boat or any other type of non-real estate purchase. The coverage is purchased at time of loan closing, and cannot be added after that time.

Credit insurance helps minimize financial burdens in the event of death or disability. It is an important coverage that should be strongly considered at time of loan application and closing. With credit insurance, you know that in the event of death or disability your family will be protected and your obligations met.

To request more information on Credit Insurance, ask your financial institution or contact us by clicking the link below.

Contact First Service Corporation

Are you prepared for the unexpected?

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There are two different types of coverages that fall under Credit Insurance. These coverages consist of Credit Life Insurance and Credit Disability Insurance. Each coverage type has its own features and exclusions that must be met in order for someone to apply and be eligible.

Disability Insurance is a coverage that is highly overlooked by many people, and should have more of a focus put on it at time of loan closing. If you become disabled, hurt or too sick to generate income to repay a loan, your vehicle or property is subject to repossession. It is important that you and your family are prepared for the unexpected.   

Mortgage Life Protection

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The majority of people don’t exactly think of Life insurance as the number one type of policy to get when thinking of insurance. In a market full of options and "savings", it's hard to determine what insurance is necessary, and which is not. 

The investment you have made in your home is perhaps one of the largest financial commitments you will make in your lifetime. As you begin to think about your home loan obligations and financial commitments, Life insurance may not be top of mind, but it should be. Mortgage Life Protection can not only be affordable, but it can also help give you peace of mind knowing your home loan is secure and protected in the event of death.

Mortgage Life Protection Plans are invaluable programs that help protect you from defaulting on your mortgage loan in the event of death. Benefit from knowing that your financial commitments are secured and you will not have to worry about your family struggling to make mortgage payments.

If you have any questions on the Mortgage Life Protection programs offered by First Service Corporation, please feel free to call or email our friendly representatives at (800) 572-4906 or info@fscinsurance.com.