Auto Warranties and Insurance

Mechanical Breakdown Protection

Mechanical breakdown protection covers major failures that can occur in your car, which are often excluded in basic auto insurance. Whether it’s bad brakes, transmission issues, the electrical system, or any other major vehicle system malfunction, mechanical breakdown protection can cover those repairs.

True Sky Credit Union offers 3 different levels of protection through our Mechanical breakdown insurance.

They are Easy Street, First Street, & Main Street. 

What is covered: Includes all items covered under the Manufacturer’s original coverage except for those items lined under “items not covered.”

Items not covered: Any normal maintenance item including tires, wheels, struts, shocks, brake shoes or pads, rotors or drums, belts, hoses, filters, lubricants, clutch, pressure plate or clutch release bearing, tune-up times, exhaust or emission parts, sound reproduction components, collision avoidance, landed departure warning system and safety restraint system, lighting, wiring, telephone, clock, television, navigation equipment, any body parts, interior parts, trim, glass, paint, airbag system, keyless entry/anti-theft.

EEP Coverage to include: GPS/Navigation components, key fob repair or replacement with an exchange, liquid crystal display (LCD) Screens, DVD players, satellite radios, MP3 enabled radios, stereos, backup /reverse sensors, rearview backup camera, side mirror camera, rearview mirror camera, driver-assist system.

Engine: Crankshaft and bearings, oil pump, pickup/screen and tube, pistons, piston rings, wrist pins, connecting rods and bearings, timing gears and chain or belt, timing tensioners/guides, balance shafts, camshaft, and camshaft bearing, push rods, rocker arms, rocker arm shaft, and hydraulic lifters, intake and exhaust valves, valve springs, & cylinder head gaskets. Engine blocks are also covered if mechanical failure was caused by above-listed parts.

Automatic Transmission: Gears, input and output shafts, bearings, front pump, planetary assemblies, transmission case, overdrive carrier, reaction carrier, center support, parking lock actuator, stator and stator shaft, separator plate, pressure regulator valve, dipstick and filler tube, springs, governor assembly, valve body, torque converter.

Standard Transmission: Gears, input and output shafts, bearings, and overdrive housing.  Transmission case if the malfunction was caused by the above-listed parts.

Drive Axle Assembly (Front or Rear Wheel Drive): Driveshaft, ring/pinion gears, pinion bearings, side carrier bearings, carrier assembly, thrust washers, axle, axle bearings, limited slip clutch pack assembly, universal joints, CV joints*, drive axle housing if failure was caused by above-listed parts.

Drive Axle Assembly (4-wheel and all-wheel drive): Driveshaft, differential, and CV joints*, transfer case parts listed on the contract.  With Applicable Surcharge. *Except if the boot was damaged or missing.

Seals and Gaskets: Seals and gaskets are covered in conjunction with repair of above-listed components.

Cooling: Water pump (Full coverage on Main Street: limited to one-half of parts and labor costs, First Street Only).

Electrical: Alternator, starter, and voltage regulator (Full coverage on Main Street; limited to one-half of parts and labor cost, First Street Only).

Includes all items in the First Street plus:

Engine: Timing chain guides, timing belt tensioners, intake manifold, valve lash adjusters, valve guides, valve spring locks, and retainers, harmonic balancer.

Automatic Transmission: Chain, drum assembly, solenoids, bushings, accumulator, clutches, bands, servos, parking pawl, speedometer, gear, transmission cooler, pistons.

Air Conditioning: Compressor, clutch, and coil assembly, evaporator, accumulator, and condenser (if factory installed).  Evacuation and recharge in conjunction with the replacement of listed components.

Front Suspension (Bonus coverage for vehicles with less than 85,000 miles at the time of purchase): Upper and lower control arms, upper and lower ball joints, steering knuckle, wheel bearings, control arm shaft and bushings.

Steering: Power steering pump, electric steering motor, steering gear housing and its internal parts, and rack and pinion assembly.

Brakes: Master cylinder, ABS master cylinder, brake booster, wheel cylinders, disc brake calipers, hydraulic lines and fittings.

Cooling: Radiator, fan clutch, water pump and cooling fan motor

Fuel Delivery: Fuel pump, fuel sending unit, fuel tank, fuel injectors and metal fuel lines.

Electrical: Battery, engine operation computer, voltage regulator, alternator, front/rear wiper motors, wiper module, window motors, window regulators, seat motors, ignition module, ignition coil, distributor, starter, starter solenoid and door lock actuators, manually operated switches for above-listed parts.

Optional EEP Coverage ($150 Additional Cost): GPS/Navigation components, key fob repair or replacement with exchange, liquid crystal display (LCD) Screens, DVD players, satellite radios, MP3 enabled radios, stereos, backup /reverse sensors, rearview backup camera.

Guaranteed Asset Protection Advantage


Guaranteed Asset Protection Advantage, or GAP Advantage, is a voluntary, non-insurance program offered as protection on your financed vehicle to enhance, rather than replace, your standard insurance coverage. It waives the difference between your primary insurance company’s settlement and the payoff of your loan balance up to a certain loan to value maximum, less exclusions or limitations that may apply. The loan to value maximum is determined by comparing the total amount, originally financed to the vehicle’s value at the start of the loan. Included in this waiver is your insurance deductible, up to $1,000.1

GAP Advantage also provides you with a $1,000 credit towards the financing of a replacement vehicle financed or leased with our financial institution!2

GAP Advantage is designed for all drives, whether you are financing or leasing a new or used vehicle.  Automobiles, vans, light trucks, motorcycles, boats, travel trailers, motor homes, golf carts, jet skis, and snowmobiles may be eligible.3

1 Deductible waiver is available in most, but not all states. Please consult your financing representative for the availability of this benefit.

2 GAP Advantage is available in most but not all states. Replacement vehicle must be financed within a limited time from the date of loss. Please consult your financing representative for the availability and details of this benefit.

3 GAP Advantage is subject to limitations and exclusions, please consult your financing representative to determine if your vehicle is eligible for GAP Advantage.

excessive skip payments may cancel coverage.

How It Works

The following is an example of GAP Advantage in action:

Your financed vehicle is totaled beyond repair…

Your Loan balance is $15,000
Your insurance company settlement is $10,000
     based on your vehicle’s market value $11,000
     less your insurance deductible $1,000
Loan balance remaining without protection $5,000
Loan balance remaining with protection $0

Plus $1000 credit towards the financing of your replacement vehicle when financed through our institution!