Guaranteed Asset Protection – (GAP)
If your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared an insured total loss, your auto insurance company usually covers the replacement value. However, there may still be a gap in your loan balance not covered by the insurance settlement. This can amount to thousands of dollars.
With Guaranteed Asset Protection, your remaining loan balance is paid in full, saving you months of payments on a vehicle you no longer own.
Mechanical Repair Coverage – (MRC)
Purchasing a new car is big decision, adding extra protection can save you money. With IWS Mechanical Protection Program you can protect your vehicle and your finances from expenses that could total hundreds or even thousands of dollars!
In addition to vehicle repair coverage the plan also includes nationwide protection, rental reimbursement, 24-hour toll-free roadside assistance, emergency travel expenses and more.
Coverage is also available for eligible used vehicles that are no longer covered by a manufacturer’s warranty.
Quotes and Additional Information
To obtain loan payment quotes and additional information about our Loan Payment Protection products, please contact our office and speak with a loan specialist.