Your financial well-being is important to us. These Insurance Products will help you protect your most valuable assets.
Mechanical Breakdown Protection (MBP)
Drive with the peace of mind knowing that with Mechanical Breakdown Protection (MBP) you have protection against the increasingly high cost of repairs and associated labor costs for mechanical and electrical vehicle failures.
In addition to repairing your vehicle, MBP provides services such as rental car allowance, tire protection, roadside assistance, and 24/7 towing. MBP is available for both new and used vehicles. This coverage will protect your vehicle after your warranty has expired. Ask us how you can drive with the proper protection against costly repairs!
BENEFITS OF MBP:
• Roadside Assistance & 24/7 Towing
• Rental Car Allowance
• Consequential Damage Coverage
Call 877-273-2328 or email us at info@alternatives.org to learn more.
Guaranteed Asset Protection with ADR (GAP)
What is Guaranteed Asset Protection?
Guaranteed Asset Protection (GAP) helps borrowers and lenders avoid financial loss by waiving all or a portion of the deficiency between a borrower’s payoff amount on their auto loan and the determined actual cash value of a vehicle in the event that a vehicle is totaled or stolen, up to a
certain LTV maximum, less exclusions or limitations that may apply. This is a voluntary, noninsurance product.
How does GAP work?
The actual cash value of your vehicle as determined by your primary insurance carrier could be less than the actual balance you owe on your loan. In the event of a total loss or theft, GAP waives the difference between your outstanding loan balance and the actual cash value (ACV) of the vehicle up to the maximum LTV %. GAP may also cover up to $1,000 of your deductible if there is a “gap” after the primary insurance settlement is paid. The deductible is covered as part of the deficiency balance
settlement.*
REAL-WORLD EXAMPLE:
| Your loan balance is: | $15,000 |
| Your insurance company settlement is: | $10,000 |
| -Based on your vehicle’s market value: | $11,000 |
| -Less your insurance deductible: | $1,000 |
| Loan balance remaining without protection: | $5,000 |
| Loan balance remaining with protections: | $0 |
GAP is subject to limitations and exclusions, including but not limited to a loan-to-value (LTV) maximum.
Call 877-273-2328 or email us at info@alternatives.org to learn more.
Edge Vehicle Protection Plan (VPP)
What is Edge VPP?
Edge is a hand-selected bundle of products that will cover the cost of unexpected issues with tires, wheels, keys, body panels, and more in order to keep your vehicle looking like new. Edge provides peace of mind by protecting you from paying out-of-pocket for common and often costly repairs that aren’t typically covered by manufacturer warranties or extended warranties.
Benefits:
- Road Hazard Tire & Wheel. Repair or replacement of tires and/or wheels that are damaged due to road hazards on public roadways.
- Cosmetic Wheel Repair. Repairs cosmetic damage to alloy or steel wheels. Includes abrasions, scratches and scrapes to the wheel or rim.
- Key Replacement. Repair or replacement of damaged and inoperable, lost or stolen keys/key fobs, and even additional keys on your key ring.
- Paintless Dent Repair. Repairs dents and dings on sheet metal body panels up to four inches in diameter.
- Windshield Repair. Repairs front windshield chips up to the diameter of a half dollar and cracks up to two inches long.
24/7 Roadside Assistance
- Towing
- Fuel Delivery
- Flat Tire Change
- Battery Jumpstart
- Lockout Service
Call 877-273-2328 or email us at info@alternatives.org to learn more.