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Filing Loan Protection Program Claims

Take the proper steps to file your claim.

Filing Loan Protection Program Claims

Elements Financial offers key protection programs for loan holders.

  • The Guaranteed Asset Protection (GAP) covers the difference between your car's value and the remaining loan balance if your vehicle is totaled or stolen.
  • The Mechanical Breakdown Protection (MBP) provides extended warranty coverage for vehicle repairs beyond the manufacturer's warranty, including roadside assistance.
  • Auto Essentials is a bundled Vehicle Protection Plan (VPP) of coverages that protects you from normal driving incidents and out-of-pocket expenses that aren't typically covered by insurance policies.
  • Depreciation Protection (DPW) protects your vehicle equity and hedges against depreciation over the life of the loan.
  • Auto Advantage (Auto Deductible Reimbursement – ADR) with GAP & DPW covers during your enrollment period if you suffer a loss, incur your deductible, and get your auto repaired you may be able to recover your deductible. 
  • Debt Protection cancels your loan payments without penalty during significant life events like death, disability, or unemployment, ensuring financial stability.

Learn more about how to file claims for these programs below.

Learn more about all of our Loan Protection Programs