What Is Total Loss Protection?

Total Loss Protection helps protect the equity in your vehicle by waiving some or all of your loan balance in the event your vehicle is deemed a total loss. This can be especially helpful if you have put money down, made accelerated payments, or have positive equity in your vehicle.

Benefits of Total Loss Protection

• Protection triggered by collision or comprehensive total loss, including theft
• Life-of-loan protection
• No mileage, make, or year restrictions
• Open enrollment options
• 100% refundable for the first 60 days
• Accidental Death protection may provide cancellation of up to $1,000 of your outstanding loan balance if you die in an accident

Total Loss Protection May Be Ideal If You:

• Put money down or have equity in your vehicle
• Make accelerated loan payments
• Want protection from vehicle depreciation
• Want added peace of mind knowing the money invested in your vehicle may be protected

How It Works

If your vehicle is totaled and the insurance settlement does not fully cover your outstanding loan balance, Total Loss Protection may help waive the remaining amount, based on program limits and eligibility.

This added protection can help you move forward with more confidence after an unexpected loss.

Drive with Confidence

Total Loss Protection is optional coverage designed to help protect your vehicle loan and your finances. Cabrillo Credit Union is here to help you understand your options and choose the protection that fits your needs.

Talk with a Cabrillo team member today to learn more about adding Total Loss Protection to your eligible vehicle loan.

_{Total Loss Protection is optional and is not required to obtain credit. Benefits, eligibility requirements, limitations, and exclusions may apply. Coverage may vary based on program guidelines and loan details. Please consult a Cabrillo Credit Union representative for availability, complete details, and full program terms.}