Levels of Coverage

 

Variable in-store loyalty credit – Negative Event Privilege.

For financed purchases

Kia VLPP Variable - Eng

Negative Event Privilege

When your vehicle is declared a total loss, the payout from your auto insurer may not cover the full amount you owe on your vehicle loan.

With the Negative Equity Privilege, you are eligible for an in-store loyalty credit towards a replacement vehicle in an amount equal to the deficit between your insurer payout and the remaining loan balance.

A total loss includes any instance where your vehicle has been declared a permanent loss by your insurer such as collision, fire or theft.

Fixed in-store loyalty credit – Total Loss Event Privilege, Theft Event Privilege, and Partial Loss Event Privilege.

For financed, lease, or cash purchases.

Kia VLPP Fixed - Eng

Total Loss Event Privilege

If your vehicle is stolen or damaged and declared a total loss, you will be eligible to receive an in-store loyalty credit towards a replacement vehicle purchase.

Theft Event Privilege

If your vehicle is stolen and not recovered, you will be eligible to receive an in-store loyalty credit towards a replacement vehicle purchase.

Partial Loss Event Privilege

If your vehicle is damaged and repaired, resulting in a damage record on your vehicle’s history report, you may be eligible to receive an in-store loyalty credit at the time you purchase a replacement vehicle.

2 The graphs in this brochure are for illustrative purposes only and may not accurately represent values for your circumstance. Variable in-store loyalty credit is capped to 150% of the suggested retail selling price. Fixed in-store loyalty credit cannot exceed the limit selected at time of purchase.

VLPP is a loyalty membership program that provides eligibility for certain in-store loyalty privileges after a vehicle loss. The contents provided on this website are only a summary of certain terms and conditions of the agreement. Please refer to the actual agreement for complete details of privileges and exclusions. The terms and conditions of the agreement shall supersede the contents provided on this website.