Protect yourself from high repair bills on both new and used vehicles with Mechanical Breakdown Insurance (MBI), available through Kinecta Federal Credit Union. MBI will help you pay for unexpected vehicle repairs beyond the original manufacturer’s warranty due to mechanical failures. The cost of coverage can be included in your monthly vehicle payment or purchased separately.
Benefits:
- Repairs can be performed by any licensed repair facility throughout the U.S. and Canada
- Low deductibles, with zero deductible plans available
- Rental benefits (rental car $50 per day/max $250 per repair visit)
- Trip interruption ($125 per day, up to 3 days)
- 24 Hour Roadside Assistance
- Towing ($100 per occurrence)
- Road service ($100 per occurrence)
- Lost key/lockout ($50 per occurrence)
- Tire Coverage ($20/repair; $100/replacement)
- Kinecta Federal Credit Union membership not required
Download our MBI Brochure
Who Needs MBI?
- Members with no budget for auto repairs
- Members who intend to keep the vehicle beyond factory warranty
- Members who travel or put on high mileage
Who can purchase MBI?
Anyone who owns a car in the current model year and no more than nine (9) model years old, and that has less than 100,000 miles.
Warranties
- Basic warranty:
- 3 years/36,000 miles
- 4 years/50,000 miles
- Power train:
- Limited extension of drive axle, engine, and transmission
Facts
- The average driver puts 19,000-21,000 miles a year on a car
- The average mechanical breakdown claim is filed at 60,000 miles, so MBI is there when you need it!
Contact us
Call us at 800.854.9846, Option 4 to discuss how MBI can help protect you against high vehicle repair costs.
Disclosure:
Securities & Insurance products offered through LPL Financial and its affiliates, Member FINRA/SIPC. Insurance products offered through Kinecta Financial & Insurance Services, LLC and Apollo Agencies, Inc., subsidiaries of Kinecta Federal Credit Union. California Insurance License #0E24631 (Kinecta Financial & Insurance Services, LLC) or California Insurance License #0394033 (Apollo Agencies, Inc.). Insurance and investment products: 1) are not NCUSIF insured; 2) are not obligations of or guaranteed by the Credit Union or any affiliated entities; 3) involve investment risk, including possible loss of value. Kinecta Financial & Insurance Services, LLC, Apollo Agencies, Inc. and Kinecta Federal Credit Union are not affiliated with LPL Financial. Some insurance products available to California residents only.
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