ELECTRIC VEHICLE MECHANICAL BREAKDOWN INSURANCE
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.
Most major repairs occur after the manufacturer’s warranty expires, and an average automobile repair can cost hundreds, if not thousands of dollars. You can be protected for less than a dollar a day.
With all the components covered in our Supreme Plus plan, IWS offers you excellent comprehensive protection. All with the security of knowing you have chosen the finest protection plan available.
Certain conditions and components are excluded, such as inadequate maintenance and loss of coolant or lubrication of the vehicle, corrosion, pre-existing conditions and parts designed for limited life such as bulbs, filters and brake pads. See the exclusions section of the service contract for complete details.
Do you know the cost of vehicle repairs?
An EVMBI 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 EVMBI, members will drive away knowing they are protected.
IWS MBI Peace of Mind Coverage:
- 43% of Americans have gone into debt to pay for car repairs. 1
- 64% of Americans live paycheck to paycheck. 2
- 57% of Americans have less than $1,000 in savings. 3
Ways to Save for Credit Union Members!
- The cost of this top of the line coverage may be included in your credit union auto loan for your convenience.
- 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 claims have been filed).
- Home Charging Station coverage up to $2,500.
- After-hours repair, limitations apply.
Add-on features:
- Light Commercial Use – coverage for eligible business use.
- Lift Kit / Tire Modification.
To see a full list of exclusions and what IWS will cover, please read the Mechanical Breakdown Certificate Declarations, Insurance Certificate and the Supreme Plus Coverage Endorsement Documents.
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
Optional Deductible
Choose between a $0, $100, or $250 deductible.
Towing Services
If your vehicle becomes inoperable due to a covered breakdown it will be towed to the nearest repair facility within 150 miles.
Rental Reimbursement
If you need a rental vehicle, for a covered repair, the plan may cover up to 9 days and $450, conditions and limitations apply.
Nationwide Protection
Have confidence your vehicle can be repaired at any accredited repair facility, within the United States and Canada.
24/7 Roadside Assistance
Includes – key lock out services and flat tire changes.
Trip Interruption and Travel Expense
If you breakdown, for a covered repair, and you are more than 150 miles away from home and the Auto Repair Facility keeps your vehicle overnight. Reimbursement of $100/day maximum of 3 days.
IWS - Peace of mind for those unexpected, high cost vehicle repairs.
IMPORTANT NOTICE
This brochure is not an insurance policy. Due to size limitations, only a general summary of the insurance plan is provided. For detailed information, including limitations and exclusions, ask your credit union for a copy of the Mechanical Breakdown Certificate Declaration, Insurance Certificate and the Supreme Plus Coverage Endorsement.
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.
CA License: # 0N14978 | MBI062021
Coverage is underwritten by
Standard Guaranty Insurance Company,
Home Office 260
Interstate North Circle,
SE, Atlanta, GA 30339.
