Members Choice ® Mechanical Breakdown Insurance
Mechanical breakdown insurance provides extended insurance coverage for vehicles to avoid unexpected, costly repairs. Anyone who finances a new or used vehicle with Altana is eligible to purchase this optional insurance for their loan.
| Features | Benefits |
|---|---|
| Optional insurance – premium paid by member | Peace of mind |
| Priced lower than similar insurance policies | Affordable |
| Available for all new or used vehicles up to 10 years old with 100,000 miles or less | Peace of mind |
| Can be purchased at time of loan closing or refinance from another financial institution | Peace of mind |
| Three levels of coverage to choose from, depending on vehicle’s equipment and your needs, based on how long you plan to own the vehicle and how many miles you drive each year | Flexible |
| Convenient payment options can be included in loan payment or can paid by check, cash or credit card | Flexible |
| Vehicles may be repaired at any licensed repair facility in the US or Canada | Flexible, convenient |
| Allows transfer of coverage for a $30 fee when you sell the vehicle | Flexible |
| You may cancel at any time on a prorated basis | Peace of mind |
| Provides add-on term/add-on miles. Coverage does not revert back to original vehicle in-service date | Peace of mind |
| Rental reimbursement up to $30/day for up to 5 days if the vehicle is kept out of service overnight | Peace of mind |
| Towing reimbursement – up to $50 per occurrence | Peace of mind |
| 24-hour toll-free roadside assistance with sign and drive feature | Peace of mind |
| Emergency travel expense up to $500 for lodging, meals and transportation if the car breaks down more than 100 miles from home | Peace of mind |
