About Major Guard
GM-Protection-Plan
Do I need a vehicle service contract?
Most likely you'll own or lease your vehicle beyond the manufacturer's warranty. Unexpected repair costs can be costly, not to mention the difficulty of being without your vehicle. GM vehicle service contracts can reduce the hassle and inconvenience of a breakdown or repair by providing:
Cost and Convenience
With the technology used in today's cars, repair costs have risen and will probably continue to do so. One major out-of-warranty repair can exceed the cost of buying a vehicle service contract.Not only will the GM Protection Plan minimize or even eliminate out-of-pocket expenses for covered repairs, your GM dealer will handle the claim, so you have no paperwork.
Other Benefits
Vehicle service contracts provide customers with financial security against unanticipated vehicle repair expenses. Depending on the coverage, additional benefits may include:
- Alternate transportation or rental during the repair
- Roadside assistance or towing
- Convenient service at more than 7,000 GM dealerships across the United States and Canada
Why is the company offering the contract important?
Regardless of the type of coverage selected, the company behind the plan is very important. A service contract is a promise to pay, in the future, for covered repairs and services. That contract is only as good as the company that backs it. The GM Protection Plan is fully insured by member companies of GMAC Insurance Holdings, Inc. The GMAC Insurance companies have earned an "A-" Excellent from A. M. Best.
When you buy a service contract, you transfer the risk of future repair costs to a company, trusting them to pay your covered repairs sometime in the future. The company must be in business for the long haul, well into the future. The GM Protection Plan is administered and underwritten by member companies of the GMAC Insurance Group, subsidiaries of General Motors with more than 75 years experience serving GM customers. That's strength and stability.
Deductible
All contracts offer a choice of deductibles. The deductible may be zero ($0), meaning that nothing is owed on a covered expense, or as high as $200 for the out-of-pocket amount paid by the customer. Deductibles may apply per individual repair or per claim.
Financial Strength and Rating
The company backing the plan is very important. It is the entity you have contracted with to pay repair claims and services. If the company is unreliable or goes out of business, so goes the protection you thought you purchased. The companies who issue the GM Protection Plan or MRP Mechanical Repair Protection are fully insured by members of the GMAC Insurance Holdings, Inc., rated "A-" Excellent by A. M. Best. This means any GM Protection Plan or MRP Mechanical Repair Protection you purchase is completely secure . . . all backed by more than 75 years of experience serving the GM family of satisfied customers.
