Overview
MEMBER’S CHOICE® Mechanical Repair Coverage can help deflect some risk of costly future, covered repairs keeping your vehicle running extra miles and extra years.
Mechanical Repair, coverage, damage repair, car repair, Mechanical Repair Coverage, mechanic, insurance
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FAQ
FREQUENTLY ASKED QUESTIONS
No, we offer Mechanical Repair Coverage whether or not your loan is here with us at Spirit of Alaska! Compare our very competitive rates with other offered products in the area.
Mechanical Repair Coverage can only be used with automobile loans. Recreational vehicles and power toys are not available for coverage. Coverage is also available for permitted commercial or rideshare purposes.
Other vehicle exclusions include:
- Vehicles used for government or emergency services
- Salvage or rebuilt title vehicles
- Trucks rated more than 1 ton
- Motorhomes, motorcycles
- Non-U.S. Specification vehicles
“Modified” vehicles are eligible for coverage, but claims will be denied if resulting from the modifications made.
Deductibles are paid per repair visit, not per item repaired. Deductible options range from $0 to $500, depending on the coverage plan.
Coverage is available for any new or used vehicle current through 15 model years old with 150,000 odometer miles or less at the time of coverage purchase. Exceptions exist for European/Luxury* vehicles, which only qualify with 100,000 miles or less.
*Includes: Audi, BMW, Fiat, Jaguar, LandRover, Mercedes Benz, Mini, Porsche, Smart, Tesla, Volkswagen, Volvo
If you are purchasing MRC with a loan, you can finance the cost of the coverage into your payment, which is often the easiest and most convenient method. Alternately, you can pay for the coverage with cash, check or credit card to the credit union, especially if you are not financing a loan on the vehicle with us, or have a loan elsewhere.
Alaska does not charge sales tax on purchase of Mechanical Repair Coverage. However, a number of other states require sales tax to be collected on the sale of MRC. If you are currently living in one of these states when you purchase coverage with Spirit of Alaska, sales tax will be charged on the retail price.
Arkansas
Conneticut
District of Columbia
Florida
Hawaii
Kansas
Maine
Nebraska
New Jersey
New York
Ohio
Pennsylvania
South Dakota
Tennessee
Utah
Virginia
Washington
Wisconsin
West Virginia