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Mechanical Breakdown Insurance (MBI): What Is It and Do I Need It?
Mechanical Breakdown Insurance (MBI): What Is It and Do I Need It?3/14/2019

man, woman, and dog in convertible carMechanical Breakdown Insurance (MBI) is worth considering for situations like these, especially if you rely- like most people- on your car to get to work or getting your children to school. You can't be without a vehicle and your budget may not be able to sustain the unexpected repair fees or rental car charges. Mechanical Breakdown Insurance goes beyond warranties and covers electrical failure, transmission work, drive axles, and more.

MCCU’s MBI offers you:
Simple Claims Procedure

Your vehicle may be repaired at any licensed repair facility in the United States or Canada with prior approval.

Direct Payment To Repair Facility

AFI Management Company will supply a national credit card to the repair shop for payment of all authorized repair costs, less your deductible. The average deductible is between $25 and $50, depending on the type of plan you select.

60-Day Money Back Guarantee

As long as you have not filed a claim, you may cancel anytime during the first 60 days and get a 100% refund! Plus, 100% of the cost may be included in your MCCU auto loan.

Transferable Coverage

If you should decide to sell your vehicle to a private owner, the coverage may be transferred. Or, if you prefer, you may cancel the coverage and request a pro-rated refund.

Cap On Rising Repair Costs

This feature protects you against inflation as parts and labor costs continue to rise!

Superior Coverage

Top-of-the-line named exclusion coverage insured by "A-" Best Rated American Mercury Insurance Group will save hundreds of dollars over comparable manufacturer's service contracts.

MBI premiums are usually very affordable and can be worked into most budgets. You can even work it into your MCCU auto loan to keep payments low.

Ask us about our MBI or go online to learn more!


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