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Insurance is always an important step
in buying a car, truck or SUV. This is why San Francisco Federal
Credit Union provides several options to help protect yourself and
your investment.
Mechanical Breakdown Insurance (MBI) is similar to the service contracts
offered by auto dealers. The coverage may be essentially the same.
MBI, however, is an insurance policy/certificate issued by the insurance
company, giving purchasers the protection and security only an insurance
company can provide. Even with this protection, MBI can be less
expensive.
The benefits of MBI include:
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Coverage for new and used vehicles with up to 100,000 miles
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Service can be performed by ANY licensed or administrator
approved repair facility in the U.S. or Canada
•
Coverage purchase may be added to your vehicle loan.
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Claims may be paid through the administrator's VISA account
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Coverage for Towing/Road Service, Rental, Tire Service,
Lost Key/Lockout and Trip Interruption
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Transferable to other vehicles
•
Seal and Gaskets are covered on components listed for your
new or previously owned vehicle
•
Covered components, which fail under normal service, or
wear beyond the field tolerances allowed
by the manufacturer, will be repaired or replaced
•
Excellent protection against the cost of covered repairs
- one claim could easily pay for the entire
cost of the coverage
Certain exclusions apply. If you
would like to purchase Mechanical Breakdown Insurance or if you
have any questions, please feel free to contact us at contacts@sanfranciscofcu.com
or at (415) 775-5377 option 4.
You could lose more than your vehicle if it is stolen or involved
in a major accident. You could lose your investment.
Now you can protect yourself and
your vehicle with Guaranteed Asset Protection (GAP). If your vehicle
ever becomes "totaled", or is stolen and not recovered,
GAP Advantage pays your loan or lease balance and an additional
$1,000 toward the purchase of a replacement vehicle when you finance
through San Francisco Federal Credit Union.
*These programs are fully underwritten
Hibernia
Mitchell Insurance Services, Inc. an independently owned and
operated insurance agency. They are one of the largest insurance
companies in the U.S. with over 60 years of experience.
**GAP is a non-insurance product
and is made available via a loan/lease deficiency waiver that
covers the gap between the vehicle value and the amount you still
owe. Essentially, GAP protects you and your entire investment
from substantial loss. Certain exclusions apply.
If you would like to purchase GAP
Insurance or if you have any questions, please feel free to contact
us at contacts@sanfranciscofcu.com
or at (415) 775-5377 option 4.
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