Don't let car troubles put a big dent in your savings.
Car passengers are protected by seat belts and airbags. But what stops drivers from suffering financial harm after a bad accident or major breakdown? Traditional auto insurance only goes so far. MECU offers two other low-cost options that can save Baltimore-area motorists hundreds or thousands of dollars.
Vehicle Loss ProtectionHow would you feel about making monthly payments on a car you no longer have? That can happen if your vehicle is stolen or totaled in an accident, and your traditional insurance policy's payout is less than your loan balance. For a low price, MECU's Guaranteed Asset Protection (GAP) Plus will cover the financial gap.
- Buy GAP-Plus Coverage for as little as $405, or $7.27 a month*
- GAP-Plus covers the difference between your insurance settlement and what you owe on your loan
- GAP Plus provides $1,000 toward the purchase of a replacement car financed with MECU**
- Get a refund within 90 days of your enrollment date if you're not satisfied
Already have a MECU Auto Loan but didn’t buy GAP Protection?Not a problem! Just complete the GAP Enrollment Request. A loan representative will process your request and mail the GAP Protection Certificate to you.
Extended Warranty ProtectionIt never fails. The manufacturer's or dealer's warranty on your car runs out, and two weeks later your transmission goes, your engine blows or you're hit with another major repair. Now you can protect your wallet from these situations by purchasing Extended Warranty Protection from MECU.
- No deductible and you’re covered the day you purchase the plan
- 30-day risk-free trial with a fully refundable premium
- Covered repairs include engines, transmissions, air-conditioning and electrical problems***
- Vehicle owners can get repairs at any ASE (Automotive Service Excellence) certified repair shop
- Extended Warranty Protection can even be purchased for cars that have higher mileage
- You can even purchase protection even if your car is paid off or if your loan isn’t with MECU
View Extended Warranty Protection brochure (PDF)
** Vehicle must be financed with MECU within 120 days of insurance settlement and $1,000 will be applied to the principal balance of the new loan.
*** Coverage depends on the plan you select. Complete terms and provisions are contained within each Service Agreement.