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Gesa - TLP, ADR - Nov 2024

  • Game Code: 304
  •  27     Public
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  • True or false: GAP never waives the entire loan amount.
    False
    True
  •  15
  • Which collateral type is eligible for GAP?
    Bicycles
    Motorcycles
    Trucks only
    Only new cars
  •  15
  • True or false: GAP is required on loans.
    False
    True
  •  15
  • What is the minimum LTV for GAP?
    80%
    100%
    50%
    91%
  •  15
  • Which is a GAP Advantage benefit?
    $500 for repairs
    Free insurance
    $1,000 for replacement vehicle loan
    No benefits
  •  15
  • True or false: GAP is nonrefundable after 60 days.
    False
    True
  •  15
  • True or false: GAP covers commercial vehicles.
    False
    True
  •  15
  • What is a GAP Waiver?
    Insurance policy
    Protection against total loss
    Payment plan
    Loan extension
  •  15
  • What is the primary benefit of Auto Advantage?
    Discount on gas
    Auto Deductible Reimbursement
    Roadside assistance
    Free car wash
  •  15
  • Who is eligible for ADR coverage?
    Co-borrower
    Anyone
    Both borrowers
    Primary borrower
  •  15
  • Which collateral type is eligible for ADR claims?
    Boats
    Motorcycles
    Passenger vehicles
    ATVs
  •  15
  • True or false: ADR covers unlimited losses per year
    False
    True
  •  15
  • How much is the maximum ADR benefit per loss?
    $1000
    $300
    $500
    $200
  •  15
  • What must be done to file an ADR claim?
    Send a letter
    Visit the branch
    No action needed
    Call or go online
  •  15
  • What is the coverage period for ADR?
    5 years
    2 years
    1 year
    3 years
  •  15
  • What does DPW stand for?
    Debt Protection Waiver
    Damage Protection Warranty
    Depreciation Protection Waiver
    Direct Payment Warranty
  •  15