GEICO's Arizona Team Makes History With Sale of One Millionth MBI Policy

Aug 02, 2006, 01:00 ET from GEICO

    TEMPE, Ariz., Aug. 2 /PRNewswire/ -- GEICO sold its one millionth
 mechanical breakdown insurance (MBI) policy recently and reminded auto
 owners of the benefits of this unique coverage. GEICO's mechanical
 breakdown insurance (MBI) is an all-risk policy designed to eliminate the
 need for an extended warranty from the auto dealer. After a $250 deductible
 on a covered loss, GEICO MBI covers repairs to all mechanical parts of the
 car except for maintenance and wear and tear.
     Jack Chumadevsky's GEICO team sold the policy to an Arizona customer
 living in Coolidge, Ariz. The Tempe-based GEICO team includes: Suzanne
 Embry of Paradise Valley; Patrick Dewey of Tempe; Chaila Davis of Tempe;
 Ashleigh Harris of Scottsdale; Patricia Jenne of Tucson; and Jack
 Chumadevsky of Chandler.
     "Our office puts in 110 percent when working with every single
 policyholder," said Chumadevsky. "Selling all policies, including MBI, is
 all about giving our customers the best service they can get."
     Suzanne Worthen, GEICO's assistant vice president of the MBI product
 line, said, "I want to thank not only Jack's team, but the many other GEICO
 associates who have helped MBI grow to the size it is today. Our MBI
 provides more extensive protection and is less expensive than the typical
 dealer extended warranty. In the long run, our policy saves auto owners
 money because they pay only a small premium each policy period instead of a
 large lump-sum payment up front. The idea is to protect our MBI
 policyholders from being saddled with unanticipated and expensive repair
 bills."
     This is the second in a series of celebrations for Chumadevsky's
 office, which won the GEICO Rookie GFR Office of the Year Award for 2005
 for outstanding work in sales, service, marketing and teamwork. Chumadevsky
 is understandably very proud of his staff. "I am only as successful as my
 staff is, and my staff goes the extra mile everyday," he said.
     Patrick Dewey, a GEICO field representative, added, "Working in the
 Tempe GEICO office allows me to present a face to the public and support a
 trustworthy reputation behind that face."
     GEICO associates around the country participated in a policyholder
 watch contest to guess when the one millionth MBI policy would be reached.
 Associates in offices around the country who were closest to the date and
 time earned prizes. Chumadevsky will receive a reward as well for his
 success.
     As GEICO CEO Tony Nicely has stated, "Mechanical breakdown insurance
 buys peace of mind. It is a trusted product that customers like and need.
 The sale of our one millionth MBI policy is a sign of its growing
 importance for auto owners."
     For more information about mechanical breakdown insurance, please visit
 http://www.geico.com/auto/safety/mbi.htm.
     GEICO (Government Employees Insurance Company) is the fourth-largest
 private passenger auto insurer in the United States. It provides auto
 insurance coverage for more than 7 million policyholders and insures more
 than 11 million vehicles. GEICO is a member of the Berkshire Hathaway group
 of companies. GEICO provides consumers with sales, service and claims
 capabilities on its geico.com Web site. Consumers may also contact the
 company at its toll free 1-800-841-3000 number. For more information, go to
 http://www.geico.com.
 
 

SOURCE GEICO
    TEMPE, Ariz., Aug. 2 /PRNewswire/ -- GEICO sold its one millionth
 mechanical breakdown insurance (MBI) policy recently and reminded auto
 owners of the benefits of this unique coverage. GEICO's mechanical
 breakdown insurance (MBI) is an all-risk policy designed to eliminate the
 need for an extended warranty from the auto dealer. After a $250 deductible
 on a covered loss, GEICO MBI covers repairs to all mechanical parts of the
 car except for maintenance and wear and tear.
     Jack Chumadevsky's GEICO team sold the policy to an Arizona customer
 living in Coolidge, Ariz. The Tempe-based GEICO team includes: Suzanne
 Embry of Paradise Valley; Patrick Dewey of Tempe; Chaila Davis of Tempe;
 Ashleigh Harris of Scottsdale; Patricia Jenne of Tucson; and Jack
 Chumadevsky of Chandler.
     "Our office puts in 110 percent when working with every single
 policyholder," said Chumadevsky. "Selling all policies, including MBI, is
 all about giving our customers the best service they can get."
     Suzanne Worthen, GEICO's assistant vice president of the MBI product
 line, said, "I want to thank not only Jack's team, but the many other GEICO
 associates who have helped MBI grow to the size it is today. Our MBI
 provides more extensive protection and is less expensive than the typical
 dealer extended warranty. In the long run, our policy saves auto owners
 money because they pay only a small premium each policy period instead of a
 large lump-sum payment up front. The idea is to protect our MBI
 policyholders from being saddled with unanticipated and expensive repair
 bills."
     This is the second in a series of celebrations for Chumadevsky's
 office, which won the GEICO Rookie GFR Office of the Year Award for 2005
 for outstanding work in sales, service, marketing and teamwork. Chumadevsky
 is understandably very proud of his staff. "I am only as successful as my
 staff is, and my staff goes the extra mile everyday," he said.
     Patrick Dewey, a GEICO field representative, added, "Working in the
 Tempe GEICO office allows me to present a face to the public and support a
 trustworthy reputation behind that face."
     GEICO associates around the country participated in a policyholder
 watch contest to guess when the one millionth MBI policy would be reached.
 Associates in offices around the country who were closest to the date and
 time earned prizes. Chumadevsky will receive a reward as well for his
 success.
     As GEICO CEO Tony Nicely has stated, "Mechanical breakdown insurance
 buys peace of mind. It is a trusted product that customers like and need.
 The sale of our one millionth MBI policy is a sign of its growing
 importance for auto owners."
     For more information about mechanical breakdown insurance, please visit
 http://www.geico.com/auto/safety/mbi.htm.
     GEICO (Government Employees Insurance Company) is the fourth-largest
 private passenger auto insurer in the United States. It provides auto
 insurance coverage for more than 7 million policyholders and insures more
 than 11 million vehicles. GEICO is a member of the Berkshire Hathaway group
 of companies. GEICO provides consumers with sales, service and claims
 capabilities on its geico.com Web site. Consumers may also contact the
 company at its toll free 1-800-841-3000 number. For more information, go to
 http://www.geico.com.
 
 SOURCE GEICO