Insurance Coverage from WEPCO

Guaranteed Asset Protection Advantage (GAP Advantage).

This coverage can be added to your vehicle loan to protect against financial loss in the event your vehicle is damaged beyond repair (totaled) or stolen and never recovered. Since a vehicle’s value declines due to depreciation, the loan balance can be higher than its Actual Cash Value. Without GAP Advantage coverage, you would be responsible for paying the difference between the insurance settlement and the outstanding loan balance.

What other benefits does GAP Advantage provide? If you purchase a new vehicle to replace the totaled one and finance the vehicle with WEPCO, GAP will apply $1,000 toward the new auto loan.

Disclosure: Certain eligibility requirements, conditions, and exclusions may apply. Check our Fee Schedule for pricing.

WEPCO Debt Shield

Whether you’re taking out a loan to make home improvements or buy a vehicle, it can be a financial gamble because life happens. Play it safe with WEPCO Debt Shield, a voluntary loan-payment protection product. WEPCO Debt Shield helps you get relief from the financial burden of delinquency, default, or foreclosure if a protected life event unexpectedly happens to you. Simple eligibility requirements help ease the enrollment process.

If a protected life event happens to you (and you’re a protected borrower or co-borrower on the loan), WEPCO Debt Shield will cancel or waive your loan payment(s), up to the contract maximums. Lessen your worries, and your family’s worries, about paying loans during a time when your income may be reduced or lost and paying other household bills become challenging. Protected events include:

  • Loss of life, including those caused by acts of war
  • Disability, including those caused by acts of war
  • Involuntary unemployment

Call a Loan Officer at 800-292-8139 and ask about protecting your loans today!

Disclosure: Your purchase of WEPCO Debt Shield is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative or refer to the Member Agreement for a full explanation of the terms of WEPCO Debt Shield. You may cancel the protection at any time. If you cancel protection within 30 days, you will receive a full refund of any fee paid.

Collateral Protection Insurance

Most of our loans secured by personal or real property require ongoing insurance coverage.

If your insurance is due to renew, had a change in provider, has been canceled, obtained a new loan or you have not listed WEPCO as a lienholder, you may receive a letter requesting updated insurance information. If you receive a letter, you can either have your insurance agent fax the Declaration Page to 877-300-8096 or submit it yourself at