Vehicle Protection Services
Roadside and Cosmetic Essentials Plan
Is your car, truck or van less than 10 years old? If so, the Roadside and Cosmetic Essentials plan offers the satisfaction of knowing you’ve protected your investment against inevitable incidents like flat tires, door dings, windshield cracks and much more. The plan offers a suite of essential services without any deductible, and is available for purchase with or without an ELCA FCU auto loan.
Our Roadside and Cosmetic Essentials plan includes:
- Key/remote replacement*
- Road hazard coverage for tires and wheels
- Paintless dent repair†
- Windshield repair‡
- 24/7 roadside assistance
- Lockout service
- Towing
- Essential fluids delivery
- Emergency battery service
- Emergency road service
- Flat tire assistance
Mechanical Breakdown Protection (MBP)
MBP is a way to avoid costly repairs by extending your manufacturer’s warranty on your vehicle at a price typically less than what dealerships charge. This coverage includes all the benefits of the Roadside and Cosmetic Essentials plan (left), along with protection for most mechanical, electrical and electronic parts.
All ELCA FCU members are eligible to purchase MBP, with or without an auto loan from us. For extra savings, members can purchase a plan before their manufacturer’s warranty expires.
Our premium§ Mechanical Breakdown Protection plan includes:
- Protection for most mechanical, electrical and electronic parts
- Key/remote replacement*
- Road hazard coverage for tires and wheels
- 24/7 roadside assistance
- Lockout service
- Towing
- Essential fluids delivery
- Emergency battery service
- Emergency road service
- Flat tire assistance
- Paintless dent repair†
- Windshield repair‡
- Reimbursement for travel expenses and car rentals
- Rental car allowance
- One-time reimbursement for battery replacement, gas, oil change and car wash at one-year anniversary
Vehicle Equity Protection (VEP)
Equity in your vehicle can build in many forms from a cash down payment, trade-in value and manufacturer rebates at time of purchase to accelerated loan payments. With VEP, the equity in your vehicle is protected in the event of a total loss claim. The protection benefit is equal to the difference between your vehicle’s original MSRP or retail value at the time of VEP purchase, minus the amount of your loan balance at the time of total loss, up to $10,000.
Here’s an example of how GAP could work for you:
- Your car’s MSRP or retail value is $30,000 at time of purchase and you own it for 1 year.
- You total your car in an accident, or it gets stolen.
- Your outstanding loan balance is $24,469.
- Your insurance carrier pays $23,769 for the claim.
- Vehicle Equity Protection covers the $6,231 difference between your vehicle’s original MSRP or retail value and your loan balance at the time of loss.
VEP Benefits:
- Includes Auto Deductible Reimbursement (ADR), an additional layer of protection for claims other than a total loss; ADR allows for unlimited claims for three years from date of purchase or policy date, and it covers the primary vehicle and potentially a secondary vehicle in household. Certain exclusions or limitations may apply.
- Triggered by collision or comprehensive total loss, including theft
- Life-of-loan protection
- No mileage, make or year restrictions
- Open enrollment
- 100% refundable for first 60 days
- Accidental Death protection included, providing for cancellation of up to $1,000 of your outstanding loan balance if you die in an accident
Guaranteed Asset Protection (GAP)
Prepare GAP Advantage from the ELCA Federal Credit Union is designed to protect the "gap" between your vehicle's value and the amount you still owe in the event of a total loss, while offering additional protection for lesser claims.
Here's an example of how GAP could work for:
- You owe $15,000 on the loan for your one-year-old car.
- You total your car in an accident.
- Your insurance company's settlement is $10,000.
- GAP Advantage covers the $5,000 difference between what you still owe on the car and the insurance settlement—the gap.
GAP Advantage benefits:
- Includes Auto Deductible Reimbursement (ADR), an additional layer of protection for claims other than a total loss; ADR allows for unlimited claims for three years from date of purchase or policy date, and it covers the primary vehicle and potentially a secondary vehicle in household. Certain exclusions or limitations may apply.
- $1,000 loan balance credit towards the financing of your replacement vehicle with ELCA FCU after a total loss claim
- Minimizes your out-of-pocket expenses
- 100% refundable for the first 60 days
