GAP Plus & MRC
Relax and Enjoy Your New Vehicle Knowing It’s Fully Protected!
Give yourself peace of mind knowing you’re covered in case of an accident, theft, or basic wear and tear with Guaranteed Asset Protection Plus (GAP Plus) and Mechanical Repair Coverage (MRC).
Guaranteed Asset Protection (GAP) Plus with Deductible Assistance*
Fair market insurance value isn't always fair. There may be a gap.
Protect your vehicle loan - purchase GAP Plus with Deductible Assistance today!
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.
Essential financial protection on your vehicle loan that helps you drive with confidence. Talk to us today about how we can help protect you from sudden out-of-pocket expenses with Guaranteed Asset Protection.
GAP Plus Brochure
Mechanical Repair Coverage**
As your vehicle gets older, the risk and cost of repairs increases.
Drive with confidence, knowing you have Mechanical Repair Coverage.
Mechanical Repair Coverage may help limit unexpected covered repair costs as your vehicle ages, potentially saving your budget from future unexpected repair costs. What’s more, it works at any authorized repair facility in the U.S. or Canada.
With MRC you can enjoy many valuable benefits among which are:
- Rental reimbursement: up to $35 per day (5-day maximum, 10-day maximum for parts delay); available on the first day of a covered repair
- 24-hour emergency roadside assistance: up to $100 per occurrence; includes towing, battery jumpstart, fluid delivery, flat tire assistance and lock-out service
- No out-of-pocket expense (except for any deductible): the administrator pays the repair facility directly for the covered repair
Protect yourself from unexpected costly repairs – Talk to us to find out what Mechanical Repair Coverage plan is right for you.
Already have a loan or car you want to protect?
To research, compare, and buy Mechanical Repair Coverage for
*Your purchase of MEMBERS CHOICETM Guaranteed Asset Protection (GAP), which includes deductible assistance, is optional and will not affect your loan 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 your loan amount 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 purchase from state chartered credit unions in FL, GA, IA, RI, 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 choose a refundable product, you may cancel at any time during the loan and receive a refund of the unearned fee.
GAP purchase 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.
GAP purchase from state chartered credit unions in IN may be without a refund provision. If the credit union offers a refund provision, you may cancel at any time during the loan and receive a refund of the unearned fee.
GAP-3415626.1-0121-0423 CUNA Mutual Group ©2021, All Rights Reserved.
**Mechanical Repair Coverage 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.
Coverage varies by state. Replacement parts may be new, used, non-OEM or remanufactured. Be sure to read the Vehicle Service Contract or the Insurance Policy, which will explain the exact terms, conditions, and exclusions of this voluntary product.
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