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Optional Protection Plans

Major Mechanical Protection (MMP)

What is Major Mechanical Protection? It provides financial protection against the costs associated with many mechanical breakdowns that normally fall outside of the manufacturer's warranty, and/or after the warranty has expired. Most people own their vehicles far beyond the terms of the factory warranty. Without Major Mechanical Protection (MMP), you may experience costly repairs and decreased resale or trade-in value of your vehicle.

With the average family driving 18,000 to 20,000 miles per year, the vehicle may be out of manufacturer's warranty in less than two years. MMP covers the costs of many major repairs, such as the engine, transmission, drive axle, fuel delivery system, and electrical, just to name a few. Benefits overview.

Vehicle Coverages

MMP is available on new and used vehicles. Deductibles range from $0 to $50 to $100. Four different plans are offered:

  • Platinum
  • Gold
  • Silver
  • Copper

New Vehicle Eligibility Guidelines

  • Current model year plus 4 previous years
  • Vehicles outside manufacturer's warranty or purchased more than 21 days ago will be subject to a 30-day and 1,000-mile claims waiting period
  • Up to 90,000 miles

Used Vehicle Eligibility Guidelines

  • Platinum, Gold and Silver coverage—Current model year plus 9 previous years and up to 150,000 miles
  • Copper coverage—Current plus 14 prior model years and unlimited mileage (vehicles older than 10 model years are subject to exception review). Maximum claims payout $3,500
  • Vehicles outside manufacturer's warranty or purchased more than 21 days ago will be subject to a 30-day and 1,000-mile claims waiting period

Exclusions and deductibles may apply.

Guaranteed Asset Protection (GAP) with PowerBuy

What is Guaranteed Asset Protection? GAP Protection covers the difference between your loan balance and the amount your insurance policy would pay out if your vehicle were to be damaged beyond repair ("totaled") or stolen and never recovered. Your insurance policy will pay you the cash value of the vehicle, while GAP coverage is paid when the loan balance is higher than the vehicle's actual cash value paid by your insurer.

In addition with PowerBuy, you may be eligible for up to $6000 toward the financing of a replacement vehicle (autos & motorcycles) if the vehicle is financed through the Credit Union within 90 days of settlement. See our GAP PowerBuy overview.

For boats & recreational vehicles, the benefit is up to $1000 toward the financing of a replacement vessel/vehicle if the vehicle is financed through the credit union within 90 days of settlement.

Protection Benefits

  • Protects your credit rating
  • Eliminates or reduces out of pocket expenses for the remaining loan balance after a loss settlement
  • You may purchase a replacement vehicle sooner because there is little or no carry-over balance
  • Maximum benefit is $50,000
  • May be purchased up to 1 year from effective date of loan

Exclusions and deductibles may apply.

If you applied for a loan and requested information regarding MMP or GAP, we will contact you regarding your chosen coverage(s) during the loan process. If you have additional questions or would like more information, please contact a Star One Phone Representative at (866) 543-5202 or (408) 543-5202, or contact us via e-mail.

Credit Life and Disability

What is Credit Life and Disability? In a nutshell, it protects your loan. Even if you have life insurance, there are other unfortunate circumstances that could impact your monthly income. Having the peace of mind that your loan payment will be made, should you become disabled due to injury or illness, is worth the minimal cost added to your loan payment. Benefits overview.

Maximum Coverage Limits


Level Rate Disability Life
Coverage Amount Unlimited $50,000 per loan
Termination Age 70 70
Coverage Duration 120 months 120 months
Monthly Benefit Amount $750.00 per loan Not applicable

Who is Eligible and How Much Does it Cost?

Level Rate Disability Life
Eligibility Age Under age 70 Under age 70
Working Requirements Actively at work a minimum of 30 hours per week on the loan advance date Not applicable
Single Rate $2.00 per $1,000 per month $0.69 per $1,000 per month
Joint Rate Not applicable $1.16 per $1,000 per month

If interested in purchasing any of the above described products, please notify your assigned Loan Processor or Member Service Representative. If you have not submitted a consumer loan request, please apply online by clicking here.

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