Depreciation Protection (DPW)
What if you could protect your finances from that annoying depreciation?
Depreciation protection offers you a way to protect the equity you have worked so hard to build in your vehicle, by waving some or all your loan balance if your vehicle were totaled or stolen and not recovered at any time during the life of your loan.
But wait, how is there equity your vehicle if its depreciating?
- You had a down payment when you purchased the vehicle
- You make additional loan payments each year
- You pay a little extra each month to bring your loan balance down faster
For complete details including features, limitations, and exclusions, see the Certificate or Policy of Insurance. In the event of any discrepancy between this information and the policy/certificate, the terms of the policy/certificate will apply. Complete coverage information is in the Certificate or Policy issued to each insured individual
- Egan, John, Experian. What is depreciation on a car and why does it matter, December 2020.
- Plans are underwritten by Securian Life Insurance Company, St. Paul, MN Plans may not be available in all states. These policies contain limitations and exclusions.