Auto Insurance

Protect your auto loan with Guaranteed Auto Protection (GAP). GAP helps cover the difference between the actual cash value of the vehicle (primary insurance company settlement) and the outstanding loan balance at the time of loss.

 

• It helps you pay off your remaining loan balance if your vehicle is stolen or damaged and deemed to be a total loss
• If you file a claim, get $500 towards your deductible and $1,000 towards the purchase of your next auto loan financed with CASE Credit Union
• It’s inexpensive and can be included as a small addition to your monthly loan payment

At CASE Credit Union, we understand that vehicle depreciation is one of the biggest financial challenges for car owners. Whether you’re buying new or used, your vehicle’s value starts to drop the moment you drive off the lot, and in the event of a total loss or theft, you could be left with more loan balance than your car is worth. That’s why we’re excited to offer the Depreciation Protection Waiver (DPW), a unique solution designed to help protect the equity you've built in your vehicle.

 

DPW is a comprehensive debt cancellation product that helps cover the gap between your vehicle’s value at the time of purchase and the outstanding loan balance in the event of a total loss or theft. Unlike traditional GAP insurance, which only protects against negative equity, DPW ensures that your hard-earned equity is protected, giving you peace of mind. With DPW, you'll be covered for the difference between the MSRP or retail value of your vehicle at the time of purchase and the remaining loan balance—up to a $10,000 benefit.

 

In the unfortunate event that your vehicle is totaled or stolen and not recovered, DPW waives part or all of your remaining loan balance. The waiver benefit is based on the vehicle’s value at the time of coverage enrollment, and it helps ensure that you’re not left with a financial burden when your car’s value has depreciated. DPW coverage can be added at any time during the life of the loan and is available with no mileage or year restrictions, giving you protection for the full term of your loan.

 

Adding a Depreciation Protection Waiver to your auto loan is simple. You can enroll at the time of your loan application or add it later, even after your loan has been finalized. The cost of coverage can be rolled directly into your monthly loan payment, making it easy to manage. Plus, with a 60-day trial period, you can cancel for a full refund if no claim has been submitted.

 

DPW is perfect for those who have a down payment, trade-in, or rebate and are looking to protect the equity they've built in their vehicle. Whether you're financing a new or used car, if you want extra peace of mind in case of a total loss, DPW is a smart investment.
For more information or to enroll, contact a Member Services Representative today, or contact our Lending Department with any questions. We're here to help protect your investment and ensure that you're covered, no matter what.

When your vehicle needs repair, it’s nice to know that you are covered by a protection plan long after the manufacturer’s warranty is expired. Mechanical Repair Coverage protects you from having to pay out-of-pocket for those major repair bills.

 

 

 

Different plans are available! For more information, contact us today online or by phone at 517.393.7710.