DPW is an additional coverage that will help protect your equity position in your vehicle, whether it’s from a down payment, trade value, making accelerated loan payments or dealer rebates. It’s the peace of mind knowing in the event your vehicle is ever totaled or stolen and not recovered at any time over the life of the loan, it will waive some or all of your loan balance to help protect the money you invested. The waiver benefit is equal to the difference between your vehicle’s MSRP or retail value at the time of DPW purchase, less the amount of your loan balance at the time of total loss. (The benefit cannot exceed the DPW addendum limit or your outstanding loan balance)
In addition you will have Accidental Death protection, which would cancel up to $1,000 of your outstanding loan balance if you die from the accident, and ADR (Auto Deductible Reimbursement) - You can get reimbursed up to $500 if you have to pay your insurance deductible for an accident or total loss.