Managed Product Solutions

With the right product provider and coverage options, service contracts protect consumers' investment in a vehicle and prevent unexpected repair bills. Service contracts protect a financial institution's interest in the vehicle (by preventing repos and diminution of collateral value based on mechanical breakdowns), enhance customer satisfaction, and provide an opportunity for additional fee and interest income.

Guaranteed Asset Protection ("GAP") waivers offer financial protection from vehicle loan deficiency balances in the event of a total loss. GAP is in high demand by consumers and an all but standard offering in vehicle finance transactions. GAP contracts are subject to a number of performance and regulatory concerns that must be managed by finance companies who offer or provide additional funding for this valuable product.

Involuntary unemployment protection providing for the fair market value repurchase of a customer's financed vehicle and deficiency balance payoff up to $10,000. Available for loan terms up to 84 months.

Identity theft is the #1 crime in the United States.  ID Theft protection provides unlimited 100% full advocate identity recovery and restoration with unlimited lifetime stay-fixed guarantee. Includes home title and equity monitoring and recovery with multiple property alerts. Protection for the entire household for terms up to 96 months.

Auto deductible reimbursement is a valuable add-on to standard GAP programs, protecting consumers who incur a deductible expense with a non-total-loss auto insurance claim. Combined with roadside assistance, identity theft restoration, and free and discounted in-network legal services, this protection package provides real value for customers and real portfolio protection for finance companies.

Protecting consumers from out of pocket costs arising from tire and wheel damage, lost high-tech keys, windshield damage, and common dents and dings keeps customers safe, loan payments on time and preserves vehicle value. Vehicles protected with these products are proven to retain higher wholesale and retail book values.