If you have received a letter asking for proof of insurance, please send in your documentation as soon as possible.
Automotive Credit Corporation uses a system to track and monitor the insurance status of our contracts. The terms of our agreement require comprehensive and collision insurance for the life of the contract. Briefly, total loss protection insurance protects Automotive Credit Corporation from uninsured loss. Should your vehicle be totaled or lost, it does not cover you and is not a substitute for your traditional insurance.
Borrowers without proof of current insurance on file may have the cost of a total loss protection insurance policy added to their monthly payment.