Wouldn’t it be great if you never had an accident? Wouldn’t it be great if your car never broke down? Wouldn’t it be great if all your expenses were covered after an injury or death? It would be great, but life rarely works that way. That’s why we offer several supplemental insurance policies that help you through those times when things just don’t go as planned. Which plans are right for you?
 Mechanical Breakdown Insurance (MBI)
Your vehicle is a major investment. Next to your home, it’s probably the biggest investment you may ever make. Recent trends indicate that consumers are keeping their vehicles longer and driving more each year on average, which often leaves them unprotected after the factory warranty has expired.
Mechanical Breakdown Insurance can help ensure that the investment in your vehicle is protected and reduces the possibility of out-of-pocket expenses that arise from mechanical and electrical repairs that occur when your vehicle suffers an unexpected mechanical failure.
Coverage Options
You can choose from three levels of time and mileage options that best suit your driving habits. And coverage begins on the day you purchase the service plan, whether the vehicle is new or used.
New Vehicles
New vehicle programs offer coverage for up to seven years and 100,000 miles.
Pre-Owned Vehicles
Pre-owned vehicle programs provide the option of selecting from four levels of coverage – from the Bronze Plan, which provides basic powertrain protection to the Gold Plan that covers almost every mechanical and electrical component on your vehicle.
Mechanical breakdown protection ensures that
tomorrow’s repairs will be covered today.
|
Engine |
Trans |
A/C |
Power Steering |
Today’s Cost |
$2,530 |
$2,178 |
$945 |
$528 |
3-Year Projected Cost |
$3,289 |
$2,831 |
$1,228 |
$806 |
5-Year Projected Cost |
$3,914 |
$3,368 |
$1,461 |
$959 |
Additional Benefits of MBI
- Nationwide protection
- Wear-and-tear coverage
- One deductible per visit
- Towing
- Rental reimbursement
- Tire protection
- Travel and lodging reimbursement
- Roadside assistance
To purchase Mechanical Breakdown Insurance or if you have questions, please contact our Consumer Loan Department at 800.488.8328, Ext. 452.
Guaranteed Auto Protection (GAP)
You found the car of your dreams, you got the insurance you were required to get and then WHAM! you’re in an accident or your car is stolen. You’re covered, right? Not necessarily. Insurance companies often will pay only the book value of the vehicle, not what you owe on it. For example,
|
|
Loan Balance |
$18,992.41 |
Insurance Check |
- $15,320.00 |
You Still Owe |
$3,672.41 |
BUT…with GAP insurance… |
|
GAP Check |
-3,672.41 |
You Now Owe |
$0.00 |
GAP insurance allows you to go out and buy a new car immediately, there’s no need to pay off your old (totaled or stolen) car first.
Coverage Features
- Loans up to $1,000,000
- GAP coverage up to $50,000
- Up to 150% of MSRP, including add-ons
- Terms up to 84 months
- Coverage for non-commercial, one-ton or less
- Deductible coverage up to $1000 available
Guaranteed Auto Protection is not vehicle insurance. It is a reimbursement program provided by GAP Ltd. that protects you in the event of loss. To purchase Guaranteed Auto Protection or if you have questions, please contact our Consumer Loan Department at 800.488.8328, Ext. 452.
In the event of early termination of the finance/lease agreement, the customer shall not be entitled to any GAP payment, refund or GAP claim protection.
Accidental Death & Dismemberment Insurance
One of the benefits of your Vons Credit Union membership is $2,000 in accidental death and dismemberment insurance – at no cost to you! To participate, you need only enroll in the program. But you must enroll to be covered!
Additional Coverage
|
Monthly* Premium |
Member’s Additional Coverage Amount |
Member Only |
Member Plus Family |
$10,000 |
$1.00 |
$1.45 |
$20,000 |
$2.00 |
$2.90 |
$30,000 |
$3.00 |
$4.35 |
$40,000 |
$4.00 |
$5.80 |
$50,000 |
$5.00 |
$7.25 |
$75,000 |
$7.50 |
$10.88 |
$100,000 |
$10.00 |
$14.50 |
$125,000 |
$12.50 |
$18.13 |
$150,000 |
$15.00 |
$21.75 |
$200,000 |
$20.00 |
$29.00 |
$250,000 |
$25.00 |
$36.25 |
* Premium amount is deducted from member’s account on a quarterly basis (once every three months).
- Guaranteed Issue. There are no health questions and you can’t be turned down.
- Renewable as long as you remain a member and the group policy remains in effect for your credit union. You can’t be singled out for termination as long as your insurance premium is paid.
- Pays in addition to any other insurance you might have.
- Enroll by mail. No salesperson will call.
- The low monthly cost will be conveniently deducted from your Vons Credit Union account (on a quarterly basis) – no checks to write!
You’ll also get all of these benefits when you elect Additional Coverage:
- Up to $250,000 accidental death and dismemberment benefit
- Hospital accident benefit
- Total disability benefit
- Up to $500,000 for accidental death in a common carrier
- Seat belt benefit
- Inflation fighting benefit
- Optional family protection
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