What must be done to file an ADR claim?
Send a letter
No action needed
Visit the branch
Call or go online
What is the cost of DPW?
Only for new cars
Fixed price
Varies by vehicle value
Always free
True or false: GAP never waives the entire loan amount.
True
False
How does DPW benefit borrowers?
Reduces loan balance
Provides free repairs
Reduces interest rates
Offers cash back
Which collateral type is eligible for GAP?
Bicycles
Only new cars
Trucks only
Motorcycles
True or false: GAP covers commercial vehicles.
True
False
What is the maximum loan term for DPW?
84 months
60 months
90 months
72 months
True or false: DPW covers commercial vehicles.
False
True
What is the minimum LTV for GAP?
50%
91%
80%
100%
True or false: DPW is refundable after 60 days.
True
False
Which collateral type is eligible for ADR claims?
Motorcycles
Passenger vehicles
ATVs
Boats
True or false: ADR covers unlimited losses per year
False
True
True or false: GAP is required on loans.
True
False
True or false: DPW helps protect against depreciation.
True
False
True or false: GAP is nonrefundable after 60 days.
True
False
What does DPW stand for?
Depreciation Protection Waiver
Damage Protection Warranty
Debt Protection Waiver
Direct Payment Warranty
Which is a GAP Advantage benefit?
$1,000 for replacement vehicle loan
$500 for repairs
Free insurance
No benefits
What is the benefit of DPW?
Full vehicle value
Free insurance
Helps replace equity
Cash refund
Which event triggers a DPW claim?
Loan refinancing
Theft recovery
Minor damage
Total loss
Who is eligible for ADR coverage?
Co-borrower
Both borrowers
Primary borrower
Anyone
True or false: DPW covers motorcycles.
False
True
Which collateral type is eligible for DPW?
Golf Carts
Light Trucks
Motorcycles
Boats
What is a GAP Waiver?
Payment plan
Loan extension
Insurance policy
Protection against total loss
What is the primary benefit of Auto Advantage?
Auto Deductible Reimbursement
Roadside assistance
Free car wash
Discount on gas
True or false: DPW is ideal for all loans.
False
True