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Mechanical Breakdown Insurance (MBI) |
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Valuable Coverage For Your New or Preowned Vehicle |
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GET HELP FROM YOUR CREDIT UNION |
| Buying a new or preowned vehicle can be a long and painstaking process. |
- First, you have to decide on the car you want.
- Then you have to find it.
- And once you've found your dream machine, you have to negotiate the price and have it financed.
- And that's just the beginning.
- After your purchase, you have to worry about keeping it in top running order. This is where your Credit Union steps in.
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| By making it available for you to purchase ... |
| Mechanical Breakdown Insurance (MBI) - This insurance plan is designed to help protect you, the buyer of a new or preowned automobile, against mechanical failure of major mechanical components of your vehicle.* |
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* The vehicle must be maintained according to the manufacturer's specifications. Refer to the certificate for complete details. |
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YOUR CHOICE OF PLANS TO FIT YOUR NEEDS |
| Choose from four types of coverages designed to reimburse you or the repair facility for the cost to repair a covered mechanical breakdown less the deductible. |
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| AVAILABLE PLANS: |
- SUPREME BUMPER-TO-BUMPER PROTECTION - Covers electrical and mechanical parts of your vehicle from bumper to bumper except for those parts listed under the Exclusions section of your certificate.
- DELUXE - Covers the cost of repair for the stated components of the Standard Plan plus: Steering, Front and Rear Suspension Brakes, Enhanced Electrical Electrical, Interior and Exterior Air Conditioner, Appointments Fuel Delivery, Luxury Package Cooling.
- PREFERRED - Steering, Air Conditioner, Brakes, Front and Rear Suspension, Electrical.
- STANDARD - Covers the cost of repair for the stated components of the: Engine, Transmission (automatic or standard), Drive Axle (front and rear), Turbocharger/Supercharger (factory-installed only), Transfer Case.
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| CHOICE OF DEDUCTIBLES: |
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ADDITIONAL BENEFITS |
| 24-HOUR ROADSIDE ASSISTANCE - Includes the following: |
- Towing (maximum $100 per occurrence)
- Road Service (vehicle extraction, fluid or fuel delivery, battery boost/jump)(maximum $100 per occurrence)
- Tire Repair/Replacement (tire repair: maximum $20)(tire replacement: maximum $100 per tire or $400 for four tires)
- Lost Key/Lockout Service (maximum $50 per occurrence)
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| CAR RENTAL |
| If your car is in the repair shop due to a covered breakdown, you will receive a car rental allowance of $50 per day up to a maximum of 5 days ($250). If an assembly or inspection delay "should occur, four (4) additional days of rental will be allowed. |
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| TRIP INTERRUPTION |
| If you are more than 100 miles from home when you have a covered breakdown and your car has to be kept overnight, you will be reimbursed for up to $125 per day for a maximum of 3 days ($375) for any extra travel or lodging expenses you may incur. |
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OPTIONAL BENEFITS |
| UNCOVERED PART CAUSE OF LOSS |
| If a breakdown occurs to a covered part due to the failure of a noncovered part, the covered Ipart will be repaired. |
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| COVERED PART CAUSE OF LOSS |
| If a breakdown occurs to a noncovered part due to the failure of a covered part, the noncovered part will be repaired. |
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| EMISSIONS COVERAGE |
| If a breakdown occurs due to a failure of an emission component (except catalytic converters, exhaust systems and carburetors), the emission component will be covered. |
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| Please consult with one of our loan representatives to discuss our MBI program in more detail. Or, call us at (800) 328-LFCU. |
