Depreciation Protection
from GTE Insurance
Depreciation Protection Insurance
Depreciation Protection
DPW is designed to protect your vehicle equity and hedges against depreciation over the life of the loan. In the event of a total loss, DPW provides a waiver benefit equal to the difference between the vehicle value at the time of purchase, less the loan balance at the time of loss up to a maximum waiver benefit of $10,000.00, or the outstanding loan balance.
Benefits of Protection:
- Protection for collision
- Protection for theft and fire
- 100% open enrollment
- Protection for vehicle depreciation
- 90% Pro Rata refund method after 60 days
- Cancels up to $1,000 of loan balance in the event of Accidental Death
- Up to $500.00 Auto Deductible Reimbursement
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