Safeguard customers with

RV financial loss and incident protection

Protect your customers from unexpected curve balls with Financial Loss Protection. An RV accident that’s deemed a write-off, or even a minor accident that leaves a damage record on the RV’s title, can leave the applicant in a negative equity situation when their insurance provider will not cover the amount owing on the vehicle. Financial Loss and Incident Protection (FLIP) Members have access to benefits that can be used to purchase a replacement RV or cover some of their negative equity at the time of trade-in.
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RV financial loss coverage when the primary payout falls short

Safeguard your customers financially with this unique F&I product. We offer exclusive benefits to members looking for additional protection for their finances. Here are some examples of how our RV financial loss coverage payout can protect your customer from a negative equity situation.
NEGATIVE EQUITY MEMBER CREDIT ON TRADE-IN
Outstanding Loan Amount
$50,000
Less: Insurance Settlement
$35,000
Negative Equity
($15,000)
In-Store Member Credit*
$15,000

*Maximum In-Store Member Credit up to $15,000

negative equity member credit on new purchase
Outstanding Loan Amount
$50,000
Less: Insurance Settlement
$40,000
Negative Equity
($10,000)
In-Store Member Credit*
$10,000

*Maximum In-Store Member Credit up to $35,000

financial loss benefit on trade-in + new purchase
Outstanding Loan Amount
$50,000
Less: Insurance Settlement
$25,000
Negative Equity (Trade-In Vehicle)
($15,000)
Negative Equity (New Purchase)
($10,000)
In-Store Member Credit*
$25,000

*Maximum In-Store Member Credit up to $50,000

More features

Additional negative equity coverage with rv incident loss protection

  • Available for new, leased and pre-owned vehicles
  • Coverage for up to 96 months
  • Membership offers up to $50,000 in Member Benefits
  • Pay-out based on amount financed (see the table above)
  • Membership Benefits include primary RV insurance deductible up to $1,000
  • For full details, please refer to terms and conditions

Travel with Confidence

RV incident protection COVERAGE

Accidents can negatively affect your financial well being, especially when they affect your RV’s value. If something unexpected happens, your customer could end up with a damage record on their RV’s history report. More often than not, the damage sustained will cause your customers to lose value, which leaves your customer out of pocket with an RV negative equity situation when it comes time to trade-in their trailer or motorhome.

This Membership Benefit gives the customer access to funds that can be used at the time they purchase or lease their next RV at the original selling dealer.

original vehicle value maximum in-store member credit
Up to $25,000
$2,500
$25,001 - $50,000
$5,000
$50,001 - $75,000
$7,500
$75,000 above
$10,000

More features

ADDITIONAL negative equity coverage with rv incident loss protection

Available for new, leased and pre-owned RVs

Coverage for up to 96 months

Available for loans up to $200,000

Options to cover up to $2,500, $5,000, $7,500 and $10,000

Benefits to help protect you against accelerated depreciation

For full details, please refer to the terms and conditions

Commonly asked questions

GET THE FAQs on the flip program

What is Guaranteed Asset Protection (GAP)? How does FLIP compare?

Guaranteed Asset Protection (GAP) Insurance may help fill the gap between what the applicant’s RV insurance will be liable to pay and what the applicant owes on their loan if their RV has been deemed a total loss after an appraisal.

Our Financial Loss and Incident Protection (FLIP) membership program helps the customer cover unexpected costs if their RV was deemed a total loss by their insurance company or they are in an accident that leaves a damaged record on the vehicle’s title. Think of it like additional financial loss and incident protection for negative equity coverage above and beyond GAP.

How does GAP Insurance work? Does FLIP do the same?

GAP Insurance protection is an annulment or renunciation of the applicant’s remaining loan balance with their credit union or bank. Our Financial loss and Incident protection will work in addition to any payout the applicant will receive from comprehensive coverage through their auto insurance. Think of it like supplemental financial loss coverage if your RV is damaged, totalled or stolen and not recovered.

What does GAP Insurance cover? Does FLIP cover the same?

Most new and/or used RVs that are being financed or leased can be covered by GAP insurance. Our FLIP Program covers most new and/or used vehicles that are being financed or leased by one of our Members.

How does the FLIP Program work with depreciation?

RVs commonly lose 10% of their value the day customers take their new pride and joy home for the first time, and they’ll lose an additional 10% of their value in the first year of ownership. In most situations, the member’s insurance company will only pay what an RV is appraised to be worth at the time of loss. If the applicant owes more money on the loan or lease than the RV’s estimated worth, our FLIP Program will cover the difference for the member at the time of a total loss.

Is FLIP Protection really needed?

If the member has purchased an RV with a tendency to depreciate quickly, or they have taken on a vehicle loan or lease in which the amount owed is more than the RV is worth, they should invest in financial loss coverage with our FLIP Program for protection in the event of a total loss. Imagine it is not the member’s fault, but their RV is stolen and not recovered. The member’s insurer payout leaves them with a $15,000 balance payable (often which becomes a demand loan because of the lack of security) and they have no RV! This puts the member in a highly precarious situation and can lead to serious financial ramifications to their credit and financial future.

How does someone apply for the FLIP Program?

To get Financial Loss and Incident Protection, the member can apply for the program with one of our selling dealerships when purchasing their RV. FLIP protection can be purchased at one of our partner dealerships with a one-time, lump-sum payment, or have the cost of the program rolled into the member’s loan or lease payments for the RV. Including FLIP payments into the member’s RV loan or lease spreads your payments out over time rather than paying one big sum upfront. This can be beneficial for the member’s financial needs. It is important to note that if Financial Loss coverage is added to the member’s loan, they will also be paying interest on the FLIP Program. FLIP protection is entirely refundable within the first 30 days. After that, it is dependent upon the terms of the member’s agreement or policy.