Study

Gesa - TLP, ADR - Nov 2024

  • Which event triggers a DPW claim?
    Theft recovery
    Total loss
    Loan refinancing
    Minor damage
  • True or false: GAP is nonrefundable after 60 days.
    True
    False
  • Which collateral type is eligible for GAP?
    Bicycles
    Only new cars
    Trucks only
    Motorcycles
  • What does DPW stand for?
    Debt Protection Waiver
    Damage Protection Warranty
    Direct Payment Warranty
    Depreciation Protection Waiver
  • Which collateral type is eligible for ADR claims?
    Motorcycles
    Boats
    Passenger vehicles
    ATVs
  • What is the maximum loan term for DPW?
    90 months
    84 months
    72 months
    60 months
  • True or false: DPW covers motorcycles.
    False
    True
  • True or false: DPW helps protect against depreciation.
    True
    False
  • What is the cost of DPW?
    Always free
    Only for new cars
    Varies by vehicle value
    Fixed price
  • True or false: GAP covers commercial vehicles.
    True
    False
  • Which is a GAP Advantage benefit?
    $1,000 for replacement vehicle loan
    No benefits
    Free insurance
    $500 for repairs
  • True or false: GAP is required on loans.
    True
    False
  • What must be done to file an ADR claim?
    Visit the branch
    No action needed
    Send a letter
    Call or go online
  • What is the benefit of DPW?
    Cash refund
    Helps replace equity
    Full vehicle value
    Free insurance
  • What is the minimum LTV for GAP?
    100%
    50%
    80%
    91%
  • Which collateral type is eligible for DPW?
    Boats
    Motorcycles
    Golf Carts
    Light Trucks