Debt Cancellation Coverage
Did you know we offer an alternative to comprehensive and collision insurance? It’s called debt cancellation coverage and it’s cheaper than full coverage insurance. In short, in the event of a total loss to your vehicle, the payments due are cancelled! It can also be billed with your normal vehicle payments for convenience.
Voluntary Debt Cancellation Coverage Addendum is an alternative to Comprehensive and Collision Insurance that is accepted by our Finance Company. DCC is only offered to Qualified Customers.
In the event of a total loss to the collateral, the payments due are cancelled.
Frequently Asked Questions
Is this Insurance? No, it is an agreement between you and the Finance Company.
Is there a Deductible? No.
Do I need Liability Insurance? Yes, The State requires Liability Insurance.
Does DCC include Liability Insurance? No, you must obtain liability insurance from an insurance company.
Will it fix my car? No, Comprehensive and Collision Insurance will cover repairs, but generally costs more than DCC. DCC cancels your debt on a total loss.
Can I cancel DCC? Yes, if you purchase Comprehensive and Collision Insurance that meets the finance terms as stated in the credit agreement.
How will I pay for it? DCC will be billed with your normal vehicle payments.
Will I save Money? Yes, normally it is less costly than having Comprehensive and Collision Insurance.