Auto Protection Benefits
Safeguard your loans
We provide loan protection products to help you in case of unexpected life events or if something should happen to you when you are on the road. Keep your vehicle and your finances secure with these options:
Guaranteed Asset Protection (GAP)
Depreciation Protection
Mechanical Breakdown Protection (MBP)
Auto Essentials
Life, Disability, and Involuntary Unemployment Protection (Debt Protection)
Guaranteed Asset Protection (GAP)
When purchasing a vehicle, you will want to consider GAP Coverage. This is an optional car insurance coverage that helps pay off your auto loan if your car is totaled or stolen and you owe more than the car’s depreciated value.
Depreciation Protection
Protect the Equity of your Vehicle
Depreciation Protection (DP) protects your vehicle’s equity and hedges against depreciation over the life of the loan. In the event of a total loss, DP provides a waiver benefit equal to the difference between the vehicle value at the time of purchase, less the loan balance at the time of loss up to a maximum waiver benefit of $10,000, or the outstanding loan balance.
Mechanical Breakdown Protection
Avoid costly repairs by covering your vehicle
This plan extends coverage to many mechanical and electrical components. Coverage is also transferable should you decide to sell your vehicle, giving it added resale value.
Essentials for your vehicle
Relax, you're covered! Auto Essentials provides additional protection beyond MBP, such as lost keys, dents and dings, damaged tires, cracked windshields, and roadside breakdowns. It also protects you from increasing your insurance premiums.
Debt Protection
Life is unpredictable and could leave you and your family scrambling to pay monthly bills. Debt Protection can help if there is a death in the family or in the event of an unexpected disability or involuntary unemployment situation.