What is Depreciation Protection?

Depreciation Protection is an optional coverage that helps protect the equity you've built in your vehicle. If your vehicle is stolen or declared a total loss, you may receive a benefit based on the difference between your vehicle's locked-in value at the time you purchased coverage and the remaining balance on your loan.
It also includes Auto Deductible Reimbursement (ADR), which may reimburse eligible auto insurance deductibles for covered claims.
If you are purchasing a vehicle with more than a 20% down-payment, or trading in a vehicle with positive equity, Depreciation Protection may be right for you.
Contact us to see if Depreciation Protection is available for your vehicle loan.