Protect Your
Vehicle's True Value.
LossPay is a vehicle value protection platform offering diminished value protection solutions following qualifying accident repairs — addressing a financial gap often not covered by GAP or standard auto insurance.
Coverage availability varies by state and is subject to underwriting eligibility, carrier approval, and policy terms.
The true cost of an accident may go beyond repairs.
Even when a vehicle is properly repaired after an accident, its market value may decline because the damage becomes part of its history. This loss, commonly referred to as diminished value, can reduce resale or trade-in value — even when repairs are completed properly. Actual impact varies by vehicle, market conditions, and other factors.
LossPay is designed to address this financial risk with specialized protection for qualifying repair events. Coverage availability, eligibility, and terms are subject to underwriting approval and policy conditions.
Example only. Actual diminished value varies by vehicle, accident severity, and market conditions.
Diminished Value Coverage
LossPay protects against diminished value and preserves vehicle equity after qualifying repair events — addressing a financial gap often not covered by GAP or standard auto insurance.
Coverage availability and terms vary by state and are subject to underwriting approval, policy conditions, exclusions, and carrier availability.
Learn MoreWhat's Included
- Designed to address the gap between pre-accident and post-repair market value
- Applies after qualifying covered repair events, subject to policy terms
- Works alongside your existing collision and comprehensive auto coverage
- Structured digital claims support for eligible diminished value claims
Why choose LossPay coverage?
Financial Protection Against Diminished Value
After a qualifying repair event, a vehicle's resale value may decline even when repairs are completed properly. LossPay is designed to address the difference between a vehicle's pre-accident and post-repair market value, subject to policy terms, conditions, and coverage limits.
Coverage Beyond Physical Repairs
Collision and comprehensive auto coverage is designed to address physical damage. Diminished value is often not covered under standard first-party auto policies. LossPay offers supplemental protection specifically designed to address that gap, where available.
Peace of Mind & Financial Awareness
With LossPay, policyholders gain an additional layer of protection that standard auto insurance is not designed to provide. Knowing that qualifying diminished value claims may be evaluated helps reduce uncertainty about potential financial exposure after an accident.
Coverage availability varies by state and is subject to underwriting eligibility, carrier approval, and policy terms.
Streamlined claims, faster settlements.
Navigating diminished value claims can be complex. At LossPay, we streamline the entire process for you.
Comprehensive Claim Assessment
Expert evaluation of your vehicle's post-accident value loss, ensuring accurate claims.
Learn MoreSubmission & Tracking
Simplifying the submission process and providing real-time updates on your claim status.
Track ClaimDedicated Support
Ongoing support and guidance to help you through every step of your claim journey.
Contact UsCheck diminished value insurance rates today.
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