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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.

Your vehicle is a major investment; that is why purchasing an Electric Vehicle Mechanical Breakdown Insurance (EVMBI) is a wise choice. An EVMBI can help protect the major investment you made in your vehicle, and reduce or even eliminate out-of-pocket expenses when your vehicle suffers an unexpected breakdown. Most important of all, an IWS EVMBI provides Peace of Mind so you can experience Worry-Free Driving.

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.

Mountain Road Driving-min

Do you know the cost of vehicle repairs?

Vehicle Cost

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

Features with an IWS EVMBI
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Optional Deductible

Choose between a $0, $100, or $250 deductible.

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Towing Services

If your vehicle becomes inoperable due to a covered breakdown it will be towed to the nearest repair facility within 150 miles.

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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.

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Nationwide Protection

Have confidence your vehicle can be repaired at any accredited repair facility, within the United States and Canada.

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24/7 Roadside Assistance

Includes – key lock out services and flat tire changes.

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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.

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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.

Administered by:

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

*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.

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