Important Disclosure Information

Before You Get Your Quote

Please review the following information about LossPay Diminished Value Protection and acknowledge your understanding before proceeding.

What You'll Need to Get a Quote

To provide an accurate quote, we'll need your Vehicle Identification Number (VIN) — a unique 17-character code that identifies your vehicle.

Type It In

Manually enter your 17-character VIN using your keyboard

Scan with Camera

Use your device's camera to scan and auto-detect the VIN

"Where to find your VIN:" Driver's side dashboard (visible through windshield), driver's side door jamb sticker, vehicle registration, or insurance card.

Protect Your Vehicle's Resale Value

LossPay Diminished Value Protection is designed to help protect your vehicle's equity by covering potential resale value loss after a qualifying repair event.

Even when repairs are completed to a high standard, vehicles with an accident history may sell for less in the market. This reduction in value is commonly referred to as diminished value.

Key Distinction

Standard auto insurance typically covers repairs. LossPay is designed to help protect the value that may be lost after those repairs.

What This Coverage Is Designed To Protect

LossPay provides financial protection for diminished resale value that may occur after a qualifying accident where a vehicle is repaired and returned to service.

If a covered repair event results in a measurable reduction in market value, LossPay may compensate the policyholder for the difference between the vehicle's pre-accident market value and post-repair market value, subject to policy limits, eligibility requirements, and conditions.

What LossPay Does Not Cover

"LossPay does not provide coverage for:"

Vehicle repair costs

Collision or comprehensive damage

Bodily injury or liability claims

Mechanical breakdowns

Vehicle warranties or service contracts

Loan payoff protection (GAP insurance)

Total loss events

Normal depreciation from age, mileage, or market conditions

Optional Coverage Notice

LossPay coverage is completely optional.

Purchasing this protection is not required in order to obtain vehicle financing, insurance, leasing, or dealership services.

Declining this coverage will not affect eligibility for any other product or service.

How Claims Are Evaluated

Claims are evaluated using vehicle-specific data including VIN information, repair documentation, and market valuation analysis.

Payment of any claim depends on verification of a qualifying repair event and compliance with the terms, conditions, limits, and exclusions stated in the policy.

Not all accidents result in diminished resale value, and not all claims will result in payment.

Insurance Notice

Insurance products offered through LossPay may be underwritten by licensed insurers including surplus lines carriers.

Surplus lines insurers are not protected by state insurance guaranty funds.

Coverage availability and eligibility may vary by state.

Required Acknowledgements

Please confirm your understanding of each statement

I understand that LossPay protects against diminished resale value after a qualifying repair event. I understand that LossPay does not cover vehicle repairs, physical damage, liability, or total loss. I understand that LossPay coverage is optional and is not required to obtain financing, insurance, leasing, or dealership services. I understand that claim payments are subject to policy terms, conditions, limits, and exclusions. I understand that not every accident results in diminished resale value and that some claims may not result in payment. I understand that LossPay coverage is available only to applicants who are 30 years of age or older.

Please review and acknowledge all 6 remaining statements to proceed.