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Additional Vehicle Coverages

 Protect yourself from vehicle-related issues ranging from accidents to mechanical repairs to depreciation with additional coverage that's quick and easy to add. 

Gain more peace of mind with extra coverage

Rest a little easier every time you get behind the wheel. We offer a variety of additional coverages that can protect you against the unexpected — from accidents to costly repairs to even lost keys. If you are seeking extra peace of mind, guaranteed asset protection (GAP), auto deductible reimbursement (ADR)**, depreciation protection waiver (DPW), mechanical breakdown protection (MBP), or vehicle protection plan (VPP) are smart options to consider.

If you're interested in adding any of these coverages or have more questions, call us at (800) 258-3115 or visit any Peak branch.

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What is GAP coverage?

Guaranteed Asset Protection, or GAP, is a voluntary, non-insurance program offered as protection on a new or used vehicle that is financed or leased. It is a supplemental benefit that enhances your standard insurance coverage. GAP waives the difference between your primary insurance carrier’s settlement and the payoff of your loan.* In other words, it protects the “gap” between your vehicle’s value and the amount you still owe in the case it is totaled or stolen.

To thank you for purchasing GAP, we will provide you with the Auto Advantage Program which includes the Auto Deductible Reimbursement (ADR) benefit and other valuable services.**

If you would like to add GAP to your auto loan, please contact us at (800) 258-3115 or stop by your local branch.

 

What is auto advantage (ADR)?

Auto Deductible Reimbursement (ADR) pays up to five hundred dollars ($500) per loss (unlimited losses per year) when a loss is filed and paid by the auto insurance company for a covered auto the member owns or leases, and insures under an auto insurance policy designating the member as the named insured.

If you would like to add Auto Advantage to your auto loan, please contact us at (800) 258-3115 or stop by your local branch.

 

What is a depreciation protection waiver?

Depreciation protection waiver (DPW) provides a waiver benefit based on the difference between the vehicle’s value at the time the policy is purchased and the outstanding loan balance at time of loss. If your vehicle is ever declared a total loss, DPW can help cover the difference between your vehicle’s value when you purchased the policy and your outstanding loan balance at the time of loss.

To thank you for purchasing DPW, we will provide you with the Auto Advantage Program which includes the Auto Deductible Reimbursement (ADR) benefit and other valuable services.**

Ready to add DPW to your coverage or have more questions? Contact us at (800) 258-3115 or visit any Peak branch. 

 

What is mechanical breakdown protection?

Mechanical Breakdown Protection (MBP)* helps cover the cost of unexpected repairs when your vehicle’s essential parts fail due to normal use. It’s designed to protect your budget from expensive mechanical issues after your vehicle manufacturer’s warranty ends.

With MBP, you can drive with more confidence knowing major repair bills may be covered. Our MBP coverage also features no deductibles, nationwide coverage, 24/7/365 emergency roadside service, and more.

If you’re interested in MPB coverage, it’s easy and quick to add. Contact us at (800) 258-3115 or visit any Peak branch today.

 

What is a vehicle protection plan?

A vehicle protection plan (VPP) is a package of products and services that can protect you from unexpected, expensive repairs that might not be typically covered by manufacturer or extended warranties. A VPP includes tire replacement, windshield repair, key replacement, and more.

Want a VPP? We’d love to help you get started. Call us at (800) 258-3115 or visit any Peak branch.

* Less delinquent payments, late charges, refundable service warranty contracts and other insurance related charges. Subject to other applicable exclusions and limitations, including a loan-to-value maximum.

** Auto Deductible Reimbursement (ADR) is one benefit of the Auto Advantage Program. Other benefits include Personal ID Resolution Consulting and WarrantyVault™.

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