Vehicle Investment Protection

What if your vehicle was declared a total loss after an accident or theft?

  • You may owe more on your vehicle loan than the vehicle is worth
  • If you carried over debt from a previous vehicle, you may be at higher risk to owe more than your vehicle is worth
  • Your insurer will pay the current market value of your vehicle

How does Vehicle Investment Protection (VIP) assist?

  • After a vehicle is declared a total loss, you can receive a credit that is the difference between your loan and the insurance payout (up to $50,000).
  • This credit is then used toward the purchase of a replacement vehicle

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