The Vehicle Loss Privilege Program provides an in-store credit for you to put towards a replacement vehicle if yours is stolen, totaled or damaged.
Vehicle Loss Privilege Program
Get back on the road with minimal financial impact.
Eligibility
Purchased within 7 days
of delivery of the vehicle
Up to 10
model years
The real cost of vehicle loss
Get in-store credit for all scenarios
Negative Equity Privilege
If your vehicle is written off and you owe more money on your vehicle loan than what the vehicle is actually worth, you’re in negative equity. Negative Equity Privilege provides an in-store credit for the difference between your outstanding loan balance and vehicle value, ensuring you’re not out of pocket for this amount when you buy your replacement vehicle.
Total Loss and Partial Loss Privilege
If your vehicle is declared a total loss because of collision, fire or theft, Total Loss Privilege provides you with a fixed in-store loyalty credit towards a new one, to help take the stress out of finding your replacement vehicle.
On top of this, if your vehicle is damaged and repaired, its resale value could be impacted. Partial Loss Privilege helps you to recoup these losses by providing a fixed in-store credit when you purchase or lease your next vehicle.
Theft Privilege
If your vehicle is stolen and not recovered, the last thing you need to worry about is the cost to replace it. With Theft Privilege, we’ll provide a fixed in-store loyalty credit towards a replacement vehicle, so you can start the search for your new car worry-free.
Frequently asked questions
Is my vehicle eligible for SecureDrive Vehicle Loss Privilege Program?
We cover vehicles up to 10 model years as long as the contract is purchased within 7 days of the delivery date of the vehicle.
Is SecureDrive Vehicle Loss Privilege Program available in all provinces?
Vehicle Loss Privilege Program is available in all provinces except BC and Quebec.
Can I include SecureDrive Vehicle Loss Privilege Program in my vehicle financing?
Yes! Your selling dealer will generally allow you to roll everything into your vehicle financing deal.
What is the difference between Negative Equity privilege and Total Loss privilege?
With the Negative Equity option, the value of the in-store credit you will receive is equal to your negative equity, subject to program maximums. With Total Loss privilege, the value of the in-store credit you will receive is a set amount determined by your vehicle’s value when you purchase your contract.
Can I use my in-store credit at any dealership?
Your in-store credit will be redeemable at the dealership where you purchased your SecureDrive contract.
How do I make a claim?
Simply locate your contract number. Visit your selling dealer, or any other repair shop of your choice, to get your claim started.
Is this compatible with another protection policy?
Maybe. Third party GAP or vehicle replacement products might affect eligibility. We suggest consulting your local SecureDrive dealer so they can confirm availability for your specific situation.
