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Gesa - TLP, ADR - Nov 2024

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  • What must be done to file an ADR claim?
    Call or go online
    Visit the branch
    No action needed
    Send a letter
  • What does DPW stand for?
    Direct Payment Warranty
    Damage Protection Warranty
    Debt Protection Waiver
    Depreciation Protection Waiver
  • Which collateral type is eligible for ADR claims?
    Motorcycles
    Passenger vehicles
    ATVs
    Boats
  • What is the coverage period for ADR?
    5 years
    2 years
    1 year
    3 years
  • What is the minimum LTV for GAP?
    50%
    80%
    100%
    91%
  • True or false: GAP is nonrefundable after 60 days.
    False
    True
  • True or false: DPW covers motorcycles.
    False
    True
  • What is the benefit of DPW?
    Helps replace equity
    Full vehicle value
    Cash refund
    Free insurance
  • True or false: GAP never waives the entire loan amount.
    True
    False
  • Which collateral type is eligible for GAP?
    Bicycles
    Only new cars
    Motorcycles
    Trucks only
  • True or false: DPW covers commercial vehicles.
    True
    False
  • What is the cost of DPW?
    Only for new cars
    Always free
    Varies by vehicle value
    Fixed price
  • Which is a GAP Advantage benefit?
    No benefits
    $1,000 for replacement vehicle loan
    Free insurance
    $500 for repairs
  • How does DPW benefit borrowers?
    Provides free repairs
    Offers cash back
    Reduces interest rates
    Reduces loan balance
  • True or false: GAP covers commercial vehicles.
    True
    False
  • What is the maximum loan term for DPW?
    84 months
    90 months
    72 months
    60 months
  • True or false: DPW is ideal for all loans.
    True
    False
  • True or false: DPW helps protect against depreciation.
    False
    True
  • Which collateral type is eligible for DPW?
    Golf Carts
    Boats
    Motorcycles
    Light Trucks
  • Which event triggers a DPW claim?
    Total loss
    Loan refinancing
    Theft recovery
    Minor damage
  • What is a GAP Waiver?
    Insurance policy
    Payment plan
    Protection against total loss
    Loan extension
  • True or false: DPW is refundable after 60 days.
    True
    False
  • True or false: ADR covers unlimited losses per year
    False
    True
  • What is the primary benefit of Auto Advantage?
    Free car wash
    Roadside assistance
    Discount on gas
    Auto Deductible Reimbursement
  • True or false: GAP is required on loans.
    False
    True
  • How much is the maximum ADR benefit per loss?
    $1000
    $200
    $300
    $500
  • Who is eligible for ADR coverage?
    Primary borrower
    Anyone
    Both borrowers
    Co-borrower