If you are not selling several thousand contracts it can sometimes be difficult to obtain the proper insurance policy for state level or lender compliance for an in-house Service Contract Program.
Dealers have options on how to structure a program where they retain all the underwriting profit – with or without the use of reinsurance.
Great options exist allowing a dealer to controls the funds.
|DEALER OBLIGOR PROGRAMS
Take control of your business and invest in yourself
|QUALITY ADMIN SERVICES
Utilizes dealer’s local centers, detailed reporting and support
|CLRIP OR CLIP
Contractual Liability Reimbursement Insurance or Contractual Liability Insurance Policy
Service Contract Reimbursement Insurance Policy
Compliant solutions for State regulatory requirements and lender requirements.
Detailed reporting on claims, exceptions, frequencies and severities.
This is a dealer Obligor program and the dealer retains all the underwriting profit. The dealer only pay a small fee for a compliant solution, has control of the cash and can focus on sales.