GAP+
MRC
GAP+ Eligibility
MRC Eligibility
MRC and GAP+ Extras
100

What is the max payout when a vehicle is totaled?

$50,000

100

What are the 4 deductable options?

$0, $100, $250, $500

100
Does the Loan have to be funded at SchoolsFirst to be able to add GAP+?

Yes

100

How old can a vehicle be to be eligible for MRC?

15 years or newer 

100

What is the maximum covered dollar amount per occurrence for MRC roadside assistance?

$125

200

What are 3 ways a Member can add GAP+ coverage on their vehicle loan?

Added on vehicle loan (within 90 days)

Withdraw through a SchoolsFirst acct 

Pay by check 

200

How much is the transfer fee for MRC coverage?

$50

200

What is the maximum finance amount to be able to add GAP+?

$100,000

200

What is the max mileage that a vehicle can have to be eligible for MRC?

150,000 miles 

200

How soon can a member cancel GAP+ for a full refund?

90 days 

300
How much does GAP+ cost?

$749

300

How much will MRC give you in travel expense reimbursements per day?

$200

300

What is the max term length to be eligible to add GAP+?

84 Months

300

How soon can you cancel MRC for a full refund?

60 days 

300

MRC pricing will vary based on what 4 things?

Date, Vehicle make/model/trim, Exact vehicle mileage, Zip code

400

What is the maximum deductible insurance payout?

$1000

400

Can you use MRC coverage for a mechanic in Mexico?

No, only in the US or Canada 

400

Can you add GAP+ on a salvaged titled vehicle?

No

400
Are vehicles used for rideshare eligible for MRC coverage? 

Yes, vehicles used for rideshare are eligible for MRC coverage. However, if the vehicle is financed through SchoolsFirst it cannot be used for that purpose. 

400

GAP+ gives $1000 benefit to your next SchoolsFirst auto loan if funded within how many days?

120 days of the date your auto insurance settlement issues check for total loss

500

What is the max KBB LTV retail value to be able to add GAP+?

150%

500

How much will MRC cover for a replacement key?

$800

500

What insurance coverages does a Member have to have to be able to add GAP+?

Primary comprehensive and collision coverage 

500

Paintless dent repair provides for the repair of dings and dents, no larger than?

4 inches in length/diameter

500

MRC will cover how much for a rental car per day and for how many days?

$50 per day and for max 10 days 

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