Introducing Depreciation Protection
Total loss occurrences are at a record high. New or used, depreciation impacts nearly every vehicle on the road today. Developed with the consumer in mind, Depreciation Protection revolutionizes the Total Loss Protection market and provides a new benefit to help protect the "equity" in the auto loan, compared to the "negative equity" protected by Guaranteed Asset Protection (GAP). For the first time ever, we have a solution to help protect the invested equity and hedge against the negative impact of depreciation upon total loss.
Benefits of Protection
- Protection for collision or comprehensive total loss, including theft
- Hedges against the negative impact of vehicle depreciation
- Life of loan and term-based protections available
- No mileage or year restrictions
- 100% Open Enrollment
- Fully Refundable and Non-Refundable options available
- $1,000 Accidental Death and Dismemberment (AD&D) benefit included (Financial Institution Program only)
Ideal for those who:
- Finance 90% LTV or less
- Put money down
- Trade in a vehicle
- Receive manufacturer or dealer rebates
- Negotiate purchase price below MSRP
- Make accelerated loan payments
- Desire peace of mind knowing the money invested in a vehicle could be protected in the event of total loss