What if your car was one of the thousands of vehicles totalled or stolen in the US every year?Equity Guard’s Loyalty Depreciation GAP Waiver (LDGW) provides you with financial protection on your finance agreement for a maximum of 84 months . It also protects you against depreciation for a maximum of 48 months from the original date you purchase your vehicle.

Does your automobile insurance pay out enough for you to give you a similar vehicle replacement to the one you originally purchased?The maximum GAP Amount is $50,000 and the maximum Depreciation Benefit is $15,000, depending on your vehicle purchase price.

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Loyalty DepreciationGAP Waiver

What happens with a standard GAP Waiver

$27,000 Financed

$2,000 Deposit

$4,000 Lost depreciation

$4,000 Motor Insurance Payout

$21,000 Motor Insurance Payout

What happens with LDGW

$27,000 Financed

$2,000 Deposit

$4,000 Depreciation Benefit*

$4,000 GAP Loss Benefit

$21,000 Motor Insurance Payout

* discount arranged off of a replacement vehicle from a partner dealership; no cash alternative.

What happens without LDGW

$27,000 Financed

$2,000 Deposit

$4,000 Lost depreciation

$4,000 Amount needed to settle Finance Contract

$21,000 Motor Insurance Payout

YOUR VEHICLE

IS DECLARED

A TOTAL LOSS

Unprotected amount Protected amount

What happens when your vehicle is in an accident and declared a total loss?It’s most likely that your auto insurance company will make a claim payment to you based on the depreciated value of your vehicle. In most cases that payment won’t be enough to pay off the amount you still owe the lender. It also most certainly won’t be enough to replace your totalled vehicle with a similar one.

Loyalty Depreciation GAP Waiver can help!

Loyalty Depreciation GAP is a unique program that actually protects the value that you lose through normal depreciation to your vehicle. Over 3 years, the average car owner’s vehicle depreciates by as much as 60%. This devaluation becomes much more of a financial problem when you experience an accident, fire, thest, flood, or vandalism that causes a constructive total loss to your vehicle.Our Loyalty Depreciation GAP Waiver can help you regain this value lost when faced with a difficult and unexpected situation by waiving any GAP loss. Equity Guard also arranges a discount off of a replacement vehicle from one of our partner dealerships, if applicable, as part of the depreciation benefit.

WE CAN

HELP

Visit www.equityguard.net to get your free quote!

Frequently Asked QuestionsHOW LONG WILL MY WAIVER LAST?Loyalty Depreciation GAP will protect any GAP Amount on a loan for a maximum of 84 months. The Depreciation Benefit is applicable for a maximum of 48 months.

HOW IS THE DEPRECIATION BENEFIT PAID?Any benefit due will be paid in the form of a discount off a replacement vehicle from one of Equity Guard’s participating dealerships.

WHAT IS THE MAXIMUM BENEFIT?The maximum benefit on a GAP Amount is $50,000. However, the Depreciation Benefit depends on the original vehicle purchase price and is shown in the table below.

Loyalty DepreciationGAP WAIVER

A FULL LIST OF DEFINITIONS ANDEXCLUSIONS ARE AVAILABLE ON REQUEST

EQUITYGUARD.NET

The total amount you recieve from your automobile Insurer (primary carrier), GAP Amount, and Depreciation Benefit shall not exceed the original covered vehicle purchase price.

WHAT IS THE CLAIMS PROCEDURE?Simply contact the program administrator and supply the information that they request. From there they can establish what waiver benefit is due to you.

VehiclePurchase Price

$1–$20,000

$20,001–$32,000

$32,001–$64,000

$64,001–$128,000

MaximumBenefit

$6,000

$8,000

$10,000

$15,000

EligibilityYOU ARE ELIGIBLE FOR OUR DEPOSIT DISCOUNT MEMBERSHIP PROVIDING:

1. Your automobile costs less than $128,000 and weighs less than 14,500 lbs gross vehicle weight.

2. You have a valid “collision and comprehensive coverage” automobile insurance.

3. You are the registered owner/lessee of the vehicle.

4. This addendum is for a motorcycle or any four-wheel private passenger automobile, van, SUV or light truck, that is not for any commercial use.

5. You purchased the automobile within the last 180 days and have a copy of the finance agreement / bill of sale.

6. You financed your vehicle purchace and the finance agreement does not exceed 84 months and is for a maximum 150% of the vehicle value.

Automobile insurers will only pay the depreciated value of your vehicle at the time of claim, but NOT the original purchase value of the vehicle.

There is an automobile insurance claim every 4 secs of every working minute.

8% of people make a claim on their automoblie insurance policy and 17% of these will be a total loss claim.

GAP FACTSDefinitions

Covered Vehicle: any motorcycle or four-wheel private passenger automobile, van, or light truck, as described in the registration section of the Membership which is less than 14,500 lbs Gross Vehicle Weight Rating with a manufacturer’s Suggested Retail Price (MSRP) or NADA retail value of less than $128,000, which is utilized for personal purposes and which is not otherwise excluded from coverage.

Depreciation Benefit: an amount to be applied to the purchase price of a Replacement Vehicle. The amount We will apply will be calculated as the Initial Covered Vehicle Value less the combined amount received as Your Primary Insurance Settlement; or, if uninsured, the Covered Vehicle`s Actual Cash Value (ACV), for any amounts that could be collected on refundable items added to the loan and any amount waived under the GAP Waiver, arranged by Us and protecting the Covered Vehicle. This amount combined with any GAP Waiver Amount will not exceed the Maximum Potential Benefit and there is NO cash alternative should You choose not to buy a Replacement Vehicle through Us or a Participating Dealer. All benefits are subject to Limitations and Exclusions of the membership.

Financing Contract: the document evidencing the terms and conditions for the purchase of the covered vehicle. Only financing contracts with a term of 84 months or less and a maximum of 150% of the covered vehicle value are eligible for this addendum.

GAP Waiver Amount: the GAP Waiver Amount is the difference between the Net Payoff on the Date of Loss and the Primary Insurance Settlement but not to exceed $50,000. The GAP Waiver Amount includes the amount of Your physical damage deductible on the Primary Carrier’s policy up to $1,000. In the event there is no Primary Carrier coverage in effect on the Date of Loss, or the Primary Carrier denies coverage or is declared insolvent, or if the Primary Carrier policy limits are less than the Actual Cash Value of the Covered Vehicle, the Financial Institution will only Waive the difference between the Net Payoff as of the Date of Loss and the Actual Cash Value.

Purchase Price: the actual sales price of the Vehicle net of any rebates, costs of any additional products, taxes, or any other fees or expenses and subject to the maximum eligibility limit.

Primary Carrier Settlement: the amount paid by your Primary Carrier following a Constructive Total Loss or, if uninsured, the Covered Vehicle's Actual Cash Value (ACV).

Replacement Vehicle: a vehicle that You purchase from Us or a Participating Dealership to replace the Covered Vehicle that was declared a Constructive Total Loss. The Replacement Vehicle must be purchased within ninety (90) days of the Primary Carrier’s total loss claim payment and must be arranged by Us.

Territory: this coverage applies only to vehicles leased within the United States of America, its territories or possessions.