Depreciation Coverage: Pros, Cons, & Considerations

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What’s All This About Protecting Against Depreciation? This probably isn’t the first time you’re hearing that term. Depreciation coverage is making inroads within the auto lending sector. Naturally, you’re looking for some quality info on it. What is it? Should our institution offer? What are the pros and cons of…

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What is Depreciation Coverage? (Definition, Benefits, & Getting Started)

Chalkboard with Depreciation Coverage

Your financial institution checks all the boxes: Reducing risk, protecting borrowers and generating non-interest income. With a suite of services, every possible scenario has an offering to match: Full comprehensive auto insurance (or force-placed CPI) Payment Protection GAP coverage Warranty coverage Seems like you’ve covered it all. Except…what about protecting…

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Best Depreciation Coverage Providers In 2019

Silhouette Business People (Three)

Protecting Your Borrowers With Depreciation Coverage That’s wonderful you are considering Depreciation coverage for your auto loan borrowers. As with any other product search, part of the challenge is finding reputable providers, then assessing their fit with your institution. Did you end up here before learning the ins-and-outs of Depreciation…

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How to Choose a Depreciation Coverage Program (9 Steps)

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What is Depreciation Coverage? A Review. The “everyone can understand” version: Depreciation coverage covers part or all of the loss in value of your car from depreciation in the event of it getting totaled. Here’s the more detailed and “jargon-y” description: Depreciation coverage is an insurance-backed product protecting both the…

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