Unlike AdvantageGap Through
The Independent Advantage Loan ProgramÒ
Agents can now assist existing policy holders with low cost coverage
even if the policy holder financed their automobile elsewhere.
Equity Assurance Services,
LLC is the administrator of Gap Insurance products to members of The
Independent Advantage Ò
Loan Program. Through First American Insurance Company, member
agencies now have access to Gap Insurance products(AdvantageGIP)
that otherwise would be available only through financial
institutions.
Below, please find examples
of the benefit of AdvantagGIP.
|
GIP Claim Examples: |
|
|
Vehicle |
'95
Ford F150 |
'97
Chevy C2500 |
'95
Ford Mustang |
|
|
Pay Off |
$14,313 |
$18,315 |
$7,036 |
|
Settlement |
-$10,671 |
-$14,159 |
-$3,900 |
|
Gap |
$3,642 |
$3,352 |
$3,136 |
|
Deductible |
$1,000 |
$1,000 |
$1,000 |
|
Total Gap Claim |
$4,642 |
$4,352 |
$4,136 |
|
As the above examples
demonstrate, AdvantageGIP is a sound risk
management strategy. The customer in the above examples were
grateful to their agents for informing them of this valuable
coverage.
First American Insurance
Company is a US admitted insurer, rated A- by A.M. Best, and
licensed to operate in 49 states, the District of Columbia, and
Puerto Rico. The company writes insurance programs for both personal
and commercial lines of business. First American´s major lines of
business are commercial auto liability and physical damage, personal
auto liability and physical damage, general liability, commercial
package, professional liability and workers compensation. First
American traditionally is an underwriter of finance related
coverages such as Gap and CPI insurance. Programs for these lines of
business as well as credit related products and warranty are also
available. First American contracts with Altrisc Services for
Program business generation and implementation.
AdvantageGIP is
another example of the quality products and services brought
to you by The Independent Advantage® Online Loan Program. |
|
Complete the contact
us form to have a
representative contact you to further discuss the benefits of
offering this product set to your new and existing automobile
policyholders.
|
