Educational Employees Credit Union

Insurance

Insurance

Mechanical Breakdown Insurance (MBI)

Next to your home, your vehicle is one of your most expensive investments, and if you're like most people, you keep your vehicle longer than the term of its manufacturer's bumper-to-bumper warranty. Mechanical Breakdown Insurance (MBI) is designed to protect you from high repair costs if your vehicle should have a covered mechanical breakdown.

What is Mechanical Breakdown Insurance?

A mechanical breakdown insurance policy (MBI) is a true insurance product. Like personal auto or homeowner's insurance, the MBI creates a direct relationship between the vehicle owner and the insurance company. The MBI product coverages and premiums are regulated by California's Department of Insurance, assuring a fair price for the coverage provided. Likewise, administrative underwriting and claim handling functions are subject to the review and control of California's Department of Insurance. This type of product regulation provides a higher level of consumer protection over other types of contracts including those that may be issued at the dealership, which are not generally regulated.

Coverage Advantages
Eligibility: Current model year or one of the nine (9) previous calendar years, with 100,000 miles or less on the odometer
Deductibles: $0, $50, $100, $150, or $200
Coverages: Supreme (bumper-to-bumper coverage)
Deluxe, Preferred, and Standard (named component coverage)
60-Day Money Back Guarantee: You may cancel anytime during the first 60 days, contingent on a claim not being filed, and get 100% refund
Easy Payments: 100% of the cost may be included in your EECU auto loan
Transferable/Refundable: The coverage may be transferred to a new private owner (with a transfer fee) or may be cancelled and a prorated refund requested
Claims Procedure: Your vehicle may be serviced at any licensed repair facility in the United States or Canada, with prior approval
No inspection forms to complete

Coverage may be purchased at any time as long as your vehicle is eligible - certain exclusions apply.

Click here for more detailed coverage information

Optional Benefits

Non-Covered Part Cause of Loss: If a breakdown occurs to a covered part due to the failure of a non-covered part, the covered part is repaired.

Covered Part Cause of Loss: If a breakdown occurs to a non-covered part due to the failure of a covered part, the non-covered part is repaired.

Emissions Coverage: If a breakdown occurs due to a failure of an emission component (except catalytic converter systems, exhaust systems, and carburetors), the emission component will be covered.

This is a general outline of the MBI product. Please refer to the policy/certificate for the exact details of specific coverages, terms, exclusions, and conditions.

For more information on MBI or for a free quote, visit any of our convenient branch locations, or contact the EECU Member Service Center at (559) 437-7700 or 1-800-538-EECU (3328).


MBI is not an obligation of EECU or guaranteed by EECU, even though an EECU employee may assist you with MBI and EECU loan proceeds may be used to pay for MBI. Any disputes regarding MBI must be resolved between the purchaser and the insurance carrier.


EECU CA License # 0711830

EECU Call Center
1-800-538-EECU (3328)