One way to deliver peace of mind should something ever go wrong is with a limited warranty. Your customers should enjoy their vehicle, not dwell on how to pay for repairs.
This safety blanket ensures that if any covered part breaks down during the time of the contract, the warranty will pay for the repair and replacement of the affected component. The buyer simply pays a small deductible and they are back on the road in no time. Some more benefits include:

• Customers have more confidence in your vehicles
• Reserve for future repairs you’ll inevitably incur
• Use your included warranty as a marketing tool
• Reinsurance allows you to earn the underwriting profits

A vehicle service contract (VSC) is like a warranty-taking care of the cost of covered repairs, but that is where it the similarities ends. VSC’s can offer more coverage options: third-party claims administration, towing, roadside assistance to name a few. Our VSC’s can also be structured with a Dealership tie-back option. This assists you with controlling the claims cost, maximizing your reinsurance company’s profits but most importantly getting your customer back on the road expeditiously.

If you are a BHPH Dealer, you understand the challenge and expense of verifying that your customers vehicle is and stays properly insured under your Dealerships lending guidelines. This is where Collateral Protection can assist you in solving this challenge and expense and get your customers reliable automotive coverage while increasing your profitability.

Unlike a Banks Collateral Protection program, our program is an agreement that is accepted and signed by the customer at time of delivery. Meaning the customer has a choice whether the customer wants to participate in the Collateral Protection program or not.

• No upfront costs
• Dealer earns the underwriting profit through reinsurance
• A quick and painless claims process creating customer loyalty
• Collateral Protection is collected at the same frequency as the customers payment

As a lienholder, your retail installment sales contract requires the customer to maintain Comprehensive & Collision coverage for the duration of the loan. A Debt Cancellation Contract is an alternative to that requirement that you can offer to your customer for purchase at the time of sale. With a DCC in hand, when a customer suffers a total loss the lienholder cancels their loan balance in full. DCC cannot be sold in conjunction with traditional Comprehensive & Collision or Full Coverage insurance. If a customer decides to purchase DCC, they still need to obtain separate liability coverage to satisfy state requirements. DCC is a reinsured product and historically has yielded a considerable underwriting profit. Reach out to one of our product specialists today to see if a Debt Cancellation program is available in your state.