SECURITY / ELITE POWERTRAIN
3 MONTHS / UNLIMITED MILES
6 MONTHS / UNLIMITED MILES
12 MONTHS / UNLIMITED MILES
ALL RISK PROTECTION*
Protects against financial loss in the event the vehicle is declared a total loss due to theft, collision, fire or any insured peril. The Program pays the difference between the outstanding loon or lease payoff balance as of the dote of loss and the primary insurance settlement.
STANDARD PROGRAM HAS NO MSRP OR ACY RESTRICTIONS
No restrictions when lending or leasing guidelines have been filed with and approved by the Program Administrator (autos, vans. light trucks or SUVs).
AVAILABLE FOR NEW AND USED VEHICLES
There are no model or year limitations for autos. vans, light trucks or SUVs less than 15,000 GVW.
PROTECTION FOR THE TERM OF THE LOAN OR LEASE
length of coverage on loons/leases for autos. vans. Light trucks and SUVs is up to eighty-four (84) months maximum term.
VEHICLES VALUED UP TO $100,000
Maximum vehicle value of $100,000*.depending on vehicle eligibility guidelines or financial agreement inception.
BENEFITS UP TO $50,000
The amount on any one claim shall not exceed $50,000* in total.
Consumer deductibles up to $1,000* ore automatically reimbursed in the coverage/benefit.
PROTECTION FOR PAST DUE PAYMENTS*
Coverage is provided for one payment that is less than thirty (30) days post due at time of loss for a standard loan/lease.
GAP PLUS PROGRAM OPTION*
In addition to the standard program, if the consumer returns to the credit seller to purchase a replacement vehicle, the consumer will receive on allowance (or credit) of $1,000 to apply to the replacement vehicle. This program does not have cash value and must be applied to the purchase of a replacement vehicle within sixty (60) days of the primary insurance settlement.
A commercial utilization surcharge is required for motor vehicles.
PROTECTION IS FULLY INSURED
Credit seller is insured by and program costs ore paid to on AM. Best rated insurance company. There are no reserves or stop loss coverages.
Standard cancellation provisions include fully cancelable within thirty (30) days and thereafter cancelable based on a predetermined formula with a processing fee.
*Except as limited by program or state provisions. See contract for more information.