Diminished Asset Protection

Value Preserved.

Protection Summary

If you have ever been in an accident, your vehicle’s trade in value may not be as much as you expected. If this happens, Diminished Asset Protection (DAP) can help by providing up to a $5,000 credit towards your next vehicle purchase or lease from your original selling dealer. Drive with confidence knowing your next vehicle purchase or lease is protected in case of an unfortunate incident.

Graph showing the difference in trade-in value over time for vehicles with and without an accident
Example of different DAP credits for a vehicle involved in an accident
Source: Black Book, Data, 2017


In the event of a collision, Diminished Asset Protection (DAP) offers up to a $5,000 credit towards the next vehicle purchase or lease.

If an accident occurs, DAP helps protect your wallet by providing:

  • Up to a $5,000 DAP Credit if the vehicle is physically damaged due to a collision accident
  • The DAP Credit will be provided towards your next vehicle purchase or lease when the original vehicle is traded in to the original selling dealer or an affiliated dealer
  • Includes coverage if cost to repair vehicle damage is $500 or more
  • If vehicle is involved in multiple accidents during the Agreement term, the highest DAP Credit amount resulting from any one of those accidents will be provided


  • To be eligible for the DAP Credit, all of the following must occur:
    • the vehicle is physically damaged due to an accident
    • the vehicle is covered by a primary insurer when the accident occurs
    • the primary insurer covers the accident
    • the primary insurer pays you or a repair facility to repair the vehicle damage (after the application of any deductible amount)
    • the cost to repair the vehicle is at least $500
    • you trade the vehicle in at the original selling dealer
    • you purchase or lease the replacement vehicle from the same selling dealer
  • DAP is not available for purchase on leased vehicles

For These Vehicles

  • Auto
  • Motorcycle
  • RV
  • Marine

For These Buyers

  • Cash
  • Finance
  • Lease

Limitations and exclusions apply. The Diminished Asset Protection (DAP) product is optional and is not insurance. Coverage may vary by product agreement and state/province. Please refer to the applicable product agreement for details of terms and conditions.