An important part of owning a vehicle is making sure that you have coverage in place to protect yourself from the financial hardships and budget breaking expenses that can come with a constructive total loss of your vehicle.
A constructive total loss is a direct and accidental loss of your vehicle and the total cost to repair the vehicle is greater than actual cash value of the vehicle; or, it occurs when your vehicle is stolen and your primary insurance carrier declares the vehicle a constructive total loss.
Unfortunately, in the distracted world we live in, the risk of a total loss is there every single time you drive your vehicle.
A total loss is always a negative event and can create many difficulties for you. Due to the nature of automobiles, their depreciation rate, and today’s loan terms, the value of your vehicle may depreciate faster than your loan balance is paid down.
Your primary insurance carrier is only obligated to pay the actual cash value of your vehicle minus your deductible. In many cases that is less than your actual loan balance. In the event of a total loss, you are often left with the financial burden of covering the remaining balance owed.
MBPI Guaranteed Asset Protection (GAP) makes sure your loan is paid off after a constructive total loss, so you can go about your life and not be weighed down by the potential financial burden. MBPI GAP also covers your primary insurance deductible up to $1,000 in most cases.
With the purchase of MBPI GAP, you can protect yourself from making payments on a vehicle that is not drivable or you no longer have. Plan for the unexpected and protect yourself with MBPI GAP coverage.
To ensure peace of mind, all of our products are backed by A.M Best “A” rated Underwriters. With MBPI, you won’t have a provider that can’t provide for you in the future.
Contact MBPI at (800) 325-7484 and ask for our friendly sales team so they can direct you to one of our top rated Dealers in your neighborhood! You will be happy you did.
This page provides a general overview of the product. Please refer to the actual contract provisions for additional information including details of benefits, eligibility, specific exclusions, terms, conditions, and limitations. Coverages may differ in certain states and coverage may not be available in all states.
Very recently, I had problems with my vehicle. I called your company and dealt with an employee who made me feel very comfortable. I’m getting older and never thought I’d say these things, but customer service is never really recognized and it is very important. Employees can make or break a company. All people do is complain and never put praise to paper. I want it to be made known that your employee went above and beyond what is expected as part of his daily responsibilities. He showed me a courteous and upbeat attitude. I know I was a pain, but he was extremely patient. He saved me from being charged incorrectly and saved me from repairs that would not have even fixed my vehicle. He is an asset to your establishment. It makes me feel good that I initially got a refund from my previous warranty company and went with your company. Thank You.
I must say, it has been very nice working with your company. I have had several other extended warranty contracts. None of the other companies have even been close to providing the same level of service as MBPI. My wife and I reluctantly purchased our contract with MBPI because of our past experiences with other extended warranty companies. The dealership highly recommended MBPI, so we decided to give an extended warranty one last try. Needless to say we were very pleased with our decision. I would like to recommend MBPI to my friends and family. Thanks.
I wish every extended warranty company was like you guys. Instead, I have to fight the other ones to get paid. Thanks for being awesome!
Through the years you come to appreciate the few and far between “genuine” people that you get to be associated with in and outside of business. You have a great group of people and by far the best I have ever worked with. Thank you so much for all you have done with us – past and future.