Depreciation Coverage: Pros, Cons, & Considerations

Green and Orange Baskets with Zipper Between

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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