Auto mechanic working underneath a vehicle
Auto mechanic working underneath a vehicle

GAP Plus & MRC

Pairing Up to Protect Your Vehicle

Life Happens

Unexpected damage and costly repairs to your vehicle can have a serious impact on your finances. Get a step ahead of life's surprises by covering your vehicle with GAP Plus and MRC.

Guaranteed Asset Protection Plus (GAP Plus)

An Airbag for Your Auto Loan

Don’t let a wrecked vehicle wreck your finances.
Commitment-Icons-09.png

Guaranteed Asset Protection (GAP) is a great way to protect your finances if the value of your vehicle is less than the amount of your car loan. A good rule of thumb is to assume your new vehicle will depreciate more than 20% after the first year you own it, half of which occurs the minute you drive it off the lot.¹ This leaves a gap between what you owe on your loan and the value of your vehicle if it’s deemed a total loss due to an accident or theft. Our GAP program may reduce or eliminate the gap between what your vehicle insurance will pay and what you owe on your loan. Plus, it helps you get into your next vehicle by reducing your loan at the credit union by $1,000.

Commitment-Icons-09.png

An Airbag for Your Auto Loan

Don’t let a wrecked vehicle wreck your finances.

Guaranteed Asset Protection (GAP) is a great way to protect your finances if the value of your vehicle is less than the amount of your car loan. A good rule of thumb is to assume your new vehicle will depreciate more than 20% after the first year you own it, half of which occurs the minute you drive it off the lot.¹ This leaves a gap between what you owe on your loan and the value of your vehicle if it’s deemed a total loss due to an accident or theft. Our GAP program may reduce or eliminate the gap between what your vehicle insurance will pay and what you owe on your loan. Plus, it helps you get into your next vehicle by reducing your loan at the credit union by $1,000.

Graph depicting gap in dollars between insurance settlement and loan balance over a period of 1 to 60 months - for illustrative purposes only
Graph depicting gap in dollars between insurance settlement and loan balance over a period of 1 to 60 months - for illustrative purposes only
Add GAP Plus to your vehicle loan today and worry less about tomorrow.
Contact Us

Your purchase of MEMBER’S CHOICE™ Guaranteed Asset Protection (GAP), is optional and 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 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.

Mechanical Repair Coverage (MRC)

Also Known as Mechanical Breakdown Insurance in California (MBI)

Protect your vehicle from unexpected covered repairs.
Wrench and screwdriver tools

Unexpected auto repairs happen – and they can cost you hundreds or even thousands of dollars. MRC can help deflect some of those costly covered repairs even after your car’s warranty has expired.

Not only can this coverage help you save significantly on anything from engine and brake replacements to electrical and A/C repairs, but you’ll also receive the benefits of:

Wrench and screwdriver tools

Also Known as Mechanical Breakdown Insurance in California (MBI)

Protect your vehicle from unexpected covered repairs.

Unexpected auto repairs happen – and they can cost you hundreds or even thousands of dollars. MRC can help deflect some of those costly covered repairs even after your car’s warranty has expired.

Not only can this coverage help you save significantly on anything from engine and brake replacements to electrical and A/C repairs, but you’ll also receive the benefits of:

Graph depicting zone of risk in dollars as most common factory warranties age from 0 to 120 months with caption as your vehicle gets older, the risk and cost of repairs increases
Graph depicting zone of risk in dollars as most common factory warranties age from 0 to 120 months with caption as your vehicle gets older, the risk and cost of repairs increases
☞ Deductibles from $0 to $500 

Choose your deductible and that's all you'll pay. The plan pays the repair facility directly.²

☞ 24/7 Roadside Assistance & Travel Reimbursement

Confidently take your next road trip knowing you won't be left stranded in an emergency.³

☞ Transferable to the Next Owner

Get your asking price. Vehicle coverage is an added security for prospective buyers.⁴

☞ Wide Selection of Authorized Repair Facilities

Accepted at most dealerships and repair facilities across the United States and Canada so you can select a mechanic you trust.

☞ 60-Day Guarantee

Feel at ease knowing you're covered. But if you choose to cancel, receive a full refund.⁵

☞ Deductibles from $0 to $500 

Choose your deductible and that's all you'll pay. The plan pays the repair facility directly.²

☞ 24/7 Roadside Assistance & Travel Reimbursement

Confidently take your next road trip knowing you won't be left stranded in an emergency.³

☞ Transferable to the Next Owner

Get your asking price. Vehicle coverage is an added security for prospective buyers.⁴

☞ Wide Selection of Authorized Repair Facilities

Accepted at most dealerships and repair facilities across the United States and Canada so you can select a mechanic you trust.

☞ 60-Day Guarantee

Feel at ease knowing you're covered. But if you choose to cancel, receive a full refund.⁵

Graph depicting zone of risk in dollars as most common factory warranties age from 0 to 120 months with caption as your vehicle gets older, the risk and cost of repairs increases
Graph depicting zone of risk in dollars as most common factory warranties age from 0 to 120 months with caption as your vehicle gets older, the risk and cost of repairs increases
Be prepared for the unexpected. Add MRC to your next auto loan.
Get Started
Or call (888) 354-6228 for more information.

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 WA, where coverage is provided by National Product Care Company and administered by Consumer Program Administrators, Inc., in FL, LA , and OK, where coverage is provided and administered by Automotive Warranty Services of Florida, Inc. (Florida License #60023 and Oklahoma License #44198051), all located at 175 West Jackson Blvd., Chicago, Illinois 60604, 800.752.6265. This coverage is made available to you by CUNA Mutual Insurance Agency, Inc. In CA, where Mechanical Repair Coverage is offered as insurance (form MBIP 08/16), it is underwritten by Virginia Surety Company, Inc. Coverage varies by state. Replacement parts may be used 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.

¹Car Depreciation: How Much Value Will a New Car Lose? CARFAX, Nov 9, 2018.

²Not all deductibles are available on all coverage levels. No out of pocket expense except any deductible. Plan pays the repair facility. Limit repair costs to your deductible, if any. Choose your deductible: $0, $100, $250, or $500.

³Rental reimbursement up to $35/day for 5 days (up to an additional 5 days with verified parts delay) from day one. 24-hour emergency roadside assistance up to $100 per occurrence. Includes towing, battery jumpstart, fluid delivery, flat tire assistance & lockout service. Travel reimbursement up to $200 per day for 1-5 days for food, lodging & transportation expense, when a covered breakdown occurs 100 miles or more from home. (Not available to NY residents.) Good at any authorized repair facility in the U.S. or Canada.

⁴Transferable to increase resale value. Only if sold privately. Subject to transfer fee.

⁵Cancel for full refund within 60 days. A full refund is available only if coverage is unused in the first 60 days. If used or cancelled after 60 days, refund is prorated less administrative fees. Cancellation administrative fees vary by state.

GAP, MRC-3308972.1-1020-1122