Guaranteed Asset Protection
In the event the vehicle is deemed a Total Loss by the vehicle insurer, the difference or “gap” between the outstanding balance on the finance contract and the adjusted settlement amount paid by the insurer is paid.
Up to $1,000 of your deductible will be covered for an eligible claim.
Coverage available on loans with a term of up to 96 months and leases with a term of up to 60 months.
Coverage available for automobiles, minivans, SUV’s or light trucks with a selling price of up to $100,000 and a rating of less than one ton. Used vehicles are eligible if they are current + seven model years.
Limitations apply where the amount financed is more than 150% of the Purchase Price. Vehicles used for any type of commercial purpose are not eligible.
Market Value Protection
In the event that your vehicle suffers physical damage greater than $5,000 paid by the vehicle insurer, a benefit of $5,000 will be paid at the time the vehicle is traded in.
Dealer Loyalty Credit
A $500 loyalty credit will be paid when you purchase a replacement vehicle from the original dealer within 30 days of the Date of Total Loss.
Car Rental Benefit
Up to $50 per day for up to 5 days will be paid to reimburse you for expenses incurred by you for a rental vehicle from the Date of Total Loss until delivery of a replacement vehicle, provided that the rental car benefits under your vehicle insurance policy have been exhausted.