ELECTRIC VEHICLE SERVICE AGREEMENT
MECHANICAL PROTECTION PROGRAM
New and Eligible
Pre-Owned Vehicles
Don’t get sticker shock from unexpected, high cost vehicle repairs.
You’ve gone green; let us help you save some green.
With all the components covered in our Premier Platinum plan, IWS offers you excellent comprehensive protection. All with the security of knowing you have chosen the finest protection plan available.
Features with an IWS EVSA
Optional Deductible
Choose between a $0, $100, or $300 deductible.
Towing Services
Up to $100 per claim.
Rental Reimbursement
If you need a rental vehicle, for a covered repair, the plan will cover up to 10 days and $500.
Nationwide Protection
Have confidence your vehicle can be repaired at any accredited repair facility, nationwide.
24/7 Roadside Assistance
Includes – lock out services, fluid delivery, battery boost, and flat tire changes.
Trip Interruption and Travel Expense
If you break down, for a covered repair, and you are more than 100 miles away from home. Reimbursement of $100/day maximum of 3 days.
IWS - Peace of mind for those unexpected, high cost vehicle repairs.
Do you know the cost of vehicle repairs?
An EVSA offers comprehensive named exclusion coverage designed to supplement the original full factory warranty and in some cases may even enhance it. Extended coverage for virtually all of your vehicle’s mechanical and electrical components.
Why purchase extended coverage?
Members are holding on to their vehicles longer, and are opting for longer loan terms. This increases the chance they will face a large auto-repair bill. Most major repairs occur after the manufacturer’s warranty expires. With an IWS VSA, members will drive away knowing they are protected.
IWS VSA Peace of Mind Coverage:
- 1 in 3 U.S. driver’s cannot pay for an unexpected repair. 1
- 78% live paycheck to paycheck. 2
- Nearly 7 in 10 have less than $1,000 in savings. 3
Credit Union Members Can save up to 50% compared to dealer programs!
- The cost of this top of the line coverage may be included in your credit union auto loan for an affordable price.
- Your car’s resale value can immediately increase with transferable coverage.
Some of the many benefits:
- Claims paid directly to the repair facility.
- 60 day money back guarantee (if no claim have been filed).
- IWS VSA Mobile App with push notifications for all your information on contract and repair claims.
Add-on features:
- Accidental Loss Refund – optional coverage to protect against collision or acts of God.
- KeyGuard – optional coverage for key fob/remote entry.
- Light Commercial Use – coverage for eligible business use.
IWS ELECTRIC VEHICLE SERVICE AGREEMENTS DO NOT COVER:
- Maintenance services and parts described in the “Manufacturer’s Requirements” section.
- Other normal maintenance services and adjustments or cleaning including but not limited to alignments, wheel balancing, filters, lubricants, fluids, shop supplies, brake pads, linings and shoes, belts, hoses, wiper blades, and air conditioning recharge.
- Regardless of the cause of Breakdown, glass, defrosters when integrated into the glass, lenses, sealed beams, light bulbs, headlight and taillight assemblies, external LED assemblies, tires, hub caps, rims, trim moldings, bright metal, upholstery, paint, brake rotors and drums, coil over shocks, shock absorbers (as defined by the manufacturer and/or not having an upper control arm), air bags, sub frame, and sub frame bushings. Any physical damage or body parts. Mechanical external door handles, water leaks, weatherstrips, rust, wind, noise, squeaks or rattles, carpet, convertible top and frame or vinyl tops, mobile connectors, wall connectors, and any additional charging adapters.
- Aftermarket parts or accessories not produced or approved by the Vehicle manufacturer such as, but not limited to, wheels/wheel covers, sunroofs, stereo systems, air conditioning systems, alarm systems, electronic equipment including but not limited to, CB radios, TV’s, video cassette players, GPS navigational electronic equipment and cellular telephones.
- Pre-existing conditions, any failures resulting from continued operation, physical damage, contamination of fluids, coolants or lubricants, rust, corrosion, carbon, varnish, engine sludge or foreign material, lack of lube, abuse and lack of maintenance.
- Any physical damage or body parts. Examples: Body structure and parts, trim, moldings, glass, light bulbs, upholstery, paint, water leaks, weather strips, rust, wind, noise, squeaks or rattles, etc.
- To see a full list of exclusions and what IWS will cover, please read the Electric Vehicle Premier Platinum Vehicle Service Contract Terms and Conditions.
Sources: 1. 43% of Americans Driven Into Debt Over Car Troubles on LendingTree.com 2. As inflation heats up, 64% of Americans are now living paycheck to paycheck on CNBC.com 3. Americans’ Savings Drop to Lowest Point in Years on GoBankingRates.com
WE’RE DRIVEN TO SERVE YOU BETTER...
At IWS, we’ve built our success on a commitment to you, the credit union member and your needs. We offer you a variety of comprehensive and flexible mechanical protection programs, otherwise known as Vehicle Service Agreements (VSAs) in most states, or Mechanical Breakdown Insurance (MBIs) in other states. This commitment has driven us to become the most innovative, progressive and respected company in our field.
As a leading provider of Vehicle Service Agreements to credit unions nationwide, only IWS can offer you peace of mind in your choice of protection plans. No matter which product you choose, you will have the security of knowing that we provide best in class service and the finest plans available.
The obligations under this contract are backed by a policy of insurance issued by American Bankers Insurance Company of Florida, 11222 Quail Roost Drive, Miami, FL 33157. In WA United Service Protection Corporation is the obligor. Once again, IWS has furthered its commitment to credit unions by giving you the confidence of knowing you are protected by a leader in the insurance industry.
IMPORTANT NOTICE
This brochure is not a contract. Due to size limitations, only a general summary of the vehicle service contract plan is provided. For detailed information, refer to the Terms & Conditions of the IWS Vehicle Service Agreement.
To request a sample copy of the Terms and Conditions specific to your state, call 800.333.3028.
Administered by:
Website: www.iwsgroup.com
*Refer to Terms and Conditions for full Features and Benefits Eligibility.
5901 Broken Sound Parkway
Suite 400
Boca Raton, Florida 33487
Toll Free: 800.333.3028
Claims Service Center (Toll Free): 866.888.2085
Tel: 561.981.7000 • Fax: 561.981.7048
Website: www.iwsgroup.com
*Refer to Terms and Conditions for full Features and Benefits Eligibility.
Florida License #13636 | EVSA 092022
