GAP and Mechanical Repair Coverage
Optional protections for your vehicle loan.
Optional Protections for Vehicle Loans and Unexpected Repair Costs.
A vehicle breakdown or total loss can be troubling enough without the added worry of expensive repairs or added costs.
Optional Protections
Ask us about available coverages for your vehicle loans.
Drive With Confidence.
Additional protections may cover what insurance may not.
Cost Savings
Designed to provide financial relief for you.
GAP Plus with Deductible Assistance
Don’t let a total loss become a financial loss. Learn more about GAP Plus with Deductible Assistance.
If your vehicle is deemed a total loss due to an accident or theft, you may wind up owing more on your loan than your auto insurance will cover. GAP Plus with Deductible Assistance may reduce or even eliminate that shortfall in the event your vehicle is deemed a total loss and may help reduce your next loan at the credit union, making it easier to get the replacement vehicle you’ll need. Also, if auto repairs cost more than your deductible, the deductible amount is applied to your loan, reducing what you owe.
Optional financial protection on your vehicle loan that helps you drive with confidence. Talk to a Montana Credit Union Loan Officer today about how we can help protect you from sudden out-of-pocket expenses with GAP Plus with Deductible Assistance.
Mechanical Repair Coverage
A breakdown can be troubling enough without the added worry of expensive repairs.
With Mechanical Repair Coverage, you can enjoy many valuable benefits, including:
- Substitute Transportation: up to $50 per day up to a maximum of 10 days, available on the first day of coverage. Options for traditional rental car or rideshare are available.
- 24-Hour Emergency Roadside Assistance: up to $125 per occurrence, includes towing, battery jumpstart, fluid delivery, flat tire assistance, lock-out service, and extracting your vehicle from an inaccessible area within 50 feet of a paved road or highway.
- No Out-of-Pocket Expense (except for any deductible): the administrator pays the repair facility directly for the covered repair.
Help protect yourself from unexpected, costly covered repairs. Talk to a Loan Officer at Montana Credit Union to find out what Mechanical Repair Coverage plan is right for you.Â
Disclosures
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GAP, which includes deductible assistance, is not insurance; it is an optional debt cancellation product. GAP will not affect your application for credit or the terms of any credit agreement you have with us. Certain eligibility requirements, conditions, and exclusions may apply. You will receive the contract before you are required to pay for GAP. You should carefully read the contract for a full explanation of the terms. If you choose GAP, adding the GAP Fee to the amount financed under your contract will increase the cost of GAP. You may cancel GAP at any time. If you cancel GAP within 90 days, you will receive a full refund of any fee paid. GAP purchased from state-chartered credit unions in FL, GA, IA, IN, UT, VT, and WI may be with or without a refund provision. Prices of the refundable and non-refundable products are likely to differ. If you purchase a refundable product, you may cancel at any time during the loan and receive a refund of the unearned fee. GAP purchased from state-chartered credit unions in CO, MO, or SC may be canceled at any time during the loan and receive a refund of the unearned fee.
Mechanical Repair Coverage (MRC) is provided and administered by Consumer Program Administrators, Inc., in all states except CA; where coverage is offered as insurance by Virginia Surety Company, Inc., in NH; where coverage is provided and administered by Consumer Program Administrators, Inc. dba Consumer Warranty Program Administrators, in TX; where coverage is provided and administered by Consumer Program Administrators, Inc. dba The Administrators of Consumer Programs (TX License #175) in FL and OK; where coverage is provided and administered by Automotive Warranty Services of Florida, Inc. (Florida License #60023 and Oklahoma License #44198051), and in WA; where coverage is provided by National Product Care Company and administered by Consumer Program Administrators, Inc., all located at 175 West Jackson Blvd., Chicago, Illinois 60604, 1-800-752-6265. This coverage is made available to you by CUNA Mutual Insurance Agency, Inc.
The purchase of Mechanical Repair Coverage is optional. This document provides general information about Mechanical Repair Coverage and should not be solely relied upon when purchasing coverage. Be sure to read the Vehicle Service Contract or the Insurance Policy, which will explain the exact terms, conditions, and exclusions. Coverage varies by state. Replacement parts may be new, used, non-OEM or remanufactured.Â
© TruStage
GAP-3415626.3-0124-0226
MRC-3415612.4-0324-0426