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Major Mechanical Protection

SWBC Major Mechanical Protection (MPP) protects the borrower against costs associated with mechanical repair beyond the normal terms of the manufacturer's standard warranty.  MMP is seamlessly integrated into the Unity™ technology platform to ensure compliance wherever you choose to market the programs.  Broader endorsement by mechanics, along with increasing repair costs and consumer demand for service, all contributed to the resurgence of these products as key point-of-sale programs and value-added lender benefits.

Program Benefits

FOR THE LENDER

bulletImproved sales presentation through Unity™ software. 
bulletUnity™ technology platform ensures state-by-state compliance and easy, accurate administration
bulletStreamlined program implementation; no administrative hassles
bulletEnhanced portfolio protection
bulletIncreased borrower exposure, satisfaction and retention

FOR THE BORROWER

bulletPeace of mind - flexible terms and mileage limits; program may be transferred to new owner
bulletStability - rates and benefits defined by insurance company at outset of contract
bulletAffordability - priced lower than dealer contracts
bulletConvenience - freedom to use any service provider with no in-service limitations; corporate "charge card" facilitates payment for services; toll-free and/or Internet claim process

Program Features

MAJOR COMPONENT COVERAGE

bulletEngine, transmission, front and rear wheel drive, front suspension, steering brakes, electrical and air conditioning
bulletBumper-to-bumper coverage available
bulletRepairs can be performed anywhere in the United States

24-HOUR ROADSIDE ASSISTANCE

bulletSubstitute transportation
bulletEmergency tire repair
bulletTrip interruption expense reimbursement
bulletLost key and lockout assistance

FLEXIBLE PROGRAM OPTIONS

bulletPlan options available for most new and used vehicles
bulletMultiple deductible options
bulletMileage options up to 100,000 miles

CONVENIENT CLAIM PROCESSING

bulletToll-free 24 hour emergency claim service
bulletClaims payment by direct payment to service provider or reimbursement to the insured.

TRANSFERABILITY

bulletPlan may be transferred to new owner if vehicle is sold
bulletTransfer request must be made within 30 days of sale or transfer
bulletDoes not apply to dealers, leasing agencies or any entity in business of buying and selling vehicles

NOTE:  Specific plans can include all or some of these features.

Borrowers should not have to worry about their vehicles....and with the security of the Major Mechanical Breakdown program, they won't.  This program provides borrowers with protection, which gives them peace of mind so that if something goes wrong with their vehicle, they're covered.  And if the Lender has issued the loan to its borrower, this program ensures that the vehicle maintains the highest degree of value.

 

 

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Select the items that apply to your financial institution's needs and then let us know how to contact you. These products are not sold to individuals, they are sold to financial institutions on a group basis.

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Last modified: January 16, 2004