Vehicle Service Coverages
Guaranteed Asset Protection
An important part of owning a vehicle is making sure that you have coverage in place to protect yourself from the financial hardships and budget-breaking expenses that can come with a constructive total loss of your vehicle. A constructive total loss is a direct and accidental loss of your vehicle and the total cost to repair the vehicle is greater than the actual cash value of the vehicle; or, it occurs when your vehicle is stolen and your primary insurance carrier declares the vehicle a constructive total loss. Unfortunately, in the distracted world we live in, the risk of a total loss is there every single time you drive your vehicle.
A total loss is always a negative event and can create many difficulties for you. Due to the nature of automobiles, their depreciation rate, and today’s loan terms, the value of your vehicle may depreciate faster than your loan balance is paid down.
Your primary insurance carrier is only obligated to pay the actual cash value of your vehicle minus your deductible. In many cases that is less than your actual loan balance. In the event of a total loss, you are often left with the financial burden of covering the remaining balance owed. MBPI Guaranteed Asset Protection (GAP) makes sure your loan is paid off after a constructive total loss, so you can go about your life and not be weighed down by the potential financial burden. MBPI GAP also covers your primary insurance deductible up to $1,000 in most cases. With the purchase of MBPI GAP, you can protect yourself from making payments on a vehicle that is not drivable or you no longer have. Plan for the unexpected and protect yourself with MBPI GAP coverage. To ensure peace of mind, all of our products are backed by A.M Best “A” rated Underwriters. With MBPI, you won’t have a provider that can’t provide for you in the future.
Vehicle Service Contracts
Today’s vehicles are much more complex and technologically advanced than ever before—many having anywhere between 25 and 50 individual computers that control a variety of functions. With so many moving parts and complex technology, of course, there’s a risk of something going wrong.
A sudden repair bill amounting to hundreds or thousands of dollars could easily and quickly break your budget or empty your bank account. Reduce the amount of risk that comes with vehicle ownership by planning ahead, and reward yourself with the peace of mind and worry-free driving experience you want and expect from your new vehicle. Make sure you’re prepared for the unexpected with coverage from MBPI.
Powertrain Care is our entry-level stated component coverage. It covers hundreds of individual parts and components in the following areas of your vehicle: engine, turbo or supercharger, transmission, transfer unit, 4×4 or AWD system, drive axle assembly, and seals and gaskets. Powertrain Care is here to cover the major parts of your vehicle that keep you on the road and running. Classic Care is our value-level stated component coverage. It covers hundreds of individual parts and components in the following areas of your vehicle: engine, turbo or supercharger, transmission, transfer unit, 4×4 or AWD system, drive axle assembly, front suspension, rear suspension, fuel delivery system, cooling system, steering, brake system, electrical system, air conditioning unit, electronic parts. Custom Care is our top-of-the-line stated component coverage. It covers hundreds of individual parts and components, starting with everything covered in the Classic Care, plus these additional parts and components: front suspension, rear suspension, steering, brake system, electrical system, air conditioning unit, electronic parts, and seals and gaskets. Premier Care Vehicle Service Contract is an “All Risks” vehicle service contract, meaning that any specific risk that the contract does not exclude is automatically covered. It covers the parts and labor, less deductible, to repair thousands of key parts. “With a variety of terms of up to 10 years or 160,000 miles to choose from, there is a plan that fits your needs.” Failure of covered components due to defects in workmanship or materials and normal wear and tear are included. All covered repairs can be performed by factory-trained technicians or by an approved certified repair facility of your choice. A Premier Care Vehicle Service Contract takes many of the risks of ownership away and helps to provide you with the peace of mind and worry-free driving experience you expect from your new vehicle. In addition to mechanical breakdown coverage, you’ll get: – Substitute transportation during repairs – 24-hour emergency roadside assistance available at all times – Trip interruption protection for unexpected expenses during repairs – Live operators answering the phone, should you need to speak with us
RESISTALL
Preserving the Beauty of Your Vehicle with Advanced Technology and Superior Protection. ResistAll NG2 products have set the standard for automotive protective coatings. They have been formulated to offer protection and coverage that far exceed the limited warranty coverage offered by a vehicle manufacturer. Traditional hand-applied applications take up to 3 times as long as the spray-on application of NG2. MBPI, with its 39 plus years of customer and dealer satisfaction, has partnered with ResistAll to bring its award-winning administration to the ResistAll product line, giving the consumer the best of both worlds. ResistAll NG2 is the latest and most advanced exterior and interior protection. The science behind protection is that it takes advantage of positively charged particles to combine with the negatively charged surface of a vehicle, and also includes nanoparticles, which create a hydrophobic high gloss finish. Terms: 1, 2, 3, 4, 5, 6, & 7 year terms. Exterior Coverage: The exterior treated surfaces, including spoilers, bumpers, trim areas, hinges, headlight lenses, and side-view mirrors, are warranted against: weather-induced fading or loss of gloss, oxidation, hard water etching, water spotting on chrome, industrial fallout, bird droppings, insects (including love bugs), tree sap, road salt, de-icing agents such as liquid or dry magnesium and/or calcium chloride, sand abrasion, acid rain, brake dust staining on chrome or aluminum alloy wheels, and accidental paint overspray. Interior Coverage: The interior treated surfaces, including original factory floor mats and original factory-installed trunk and/or cargo area carpet, are warranted against ultra violet-induced fading, loose seam stitching, or permanent staining on the interior, including pigmented plastic door trim and consoles. Additional Coverage: Vinyl/leather protection against weather-induced or ultraviolet-induced weakening or cracking of the vinyl/leather surfaces resulting in punctures less than ¼” inch in diameter or rips or tears less than 1” inch. The interior treated surfaces are also warranted against odor caused by mold or mildew as a result of food and/or drink.
TOTAL PROTECTION VIDEO
The environment and everyday driving conditions make it a challenge to keep your vehicle looking new, protecting its resale value. Whether on your way to work, parked at the grocery store, or on vacation, the risk of some type of damage is always present and almost impossible to prevent. Even the most careful owner has lost their keys, dinged a door, or even scraped a wheel. Dents and dings, scraped wheels, damaged tires, or a missing key fob can rob your vehicle of its new look and hurt its resale value. With a Total Protection Package (TPP) you can choose the coverage you feel is most important to you and your new car! Helping you protect your vehicle’s looks and resale value, all while protecting your budget from unexpected repair bills. TPP COVERAGE to choose from: Tire & Wheel Protection – Protection from potholes and other road hazards. – Includes curb damage. – Option Cosmetic Repair (Alloy Wheels Only). Dent & Ding Protection – Protection from dents and dings up to 4 inches. – Covers both Vertical/Horizontal Body Panels (including the hood, trunk, and roof). Windshield Repair Protection – Protection from minor windshield chips and cracks caused by rocks and road debris. – Cover cracks up to 6 inches. Key Protection – Protection for a lost, stolen, or destroyed key fob/remote. – Protects key fob/remote up to $800 (1 replacement during a 12 month period). In addition, the plan provides you with 24-hour emergency roadside assistance including towing, flat tire change, emergency gas delivery, battery jump start service, and key lockout service. It also includes substitute transportation reimbursement, and trip interruption protection is provided when you are more than 100 miles from your home. Customer Benefits: – Sign & drive. – No deductible or out-of-pocket expense for covered repairs. – Available on new & pre-owned vehicles. – Transferable. – No limit on mileage. Protect your vehicle, and your budget, with a TPP from MBPI.