IAS F&I Products
Vehicle Service Contracts
IAS is proud to present Vehicle Service Contract programs that not only offer the financial backing and security of A+ Billion dollar insurance companies but also world-class administration and claims. Additionally, the IAS Vehicle Service Contract program boasts the finest structure in the industry by offering retrospective commission, reinsurance and dealer-owned programs to dealer principles.
How MaximumEquity works
- The dealer establishes a separate 'C' corporation to operate as the warranty Administrator Obligor.
- The dealership sells VSC and receives usual front sales commission.
- Additionally, the dealer principal earns 100% of the profit when earned reserves and investment income exceed claims and administrative expenses.
- IAS/USWC provides turn-key administration and maintenance services for the dealer's company to include premium processing, claims administration, loss analysis and regulatory compliance.
Designed in partnership with a national accounting firm servicing several hundred auto dealer clients, the program provides the dealer the opportunity to maximize income on the sale of VSC products. MaximumEquity offers the most complete package of profit, cash control and tax advantages available in the industry today.
MaximumEquity dealership benefits
- Dealer has complete control of program design.
- Custom design of coverages.
- Custom design of marketing materials (brochures, contracts, etc.).
- Custom design of rates.
- Custom design of used car certified program.
- Low USWC cost structure covers all charges, including contractual liability insurance.
- Dealer can borrow against reserves within program parameters (mortgages, floor plans, dealership improvements, etc.).
- Dealer has authority to approve denied claims for CSI/valued customer.
- Dealer has no financial risk if loss ratio exceeds 100%.
- Administered by USWC, oldest licensed company in the State of Florida.
- Premium ceded immediately to the DOWC.
- Estate planning tool.
- Key employee retention tool.
- No shared risk.
- No premium tax.
Designed in partnership with a national accounting firm servicing several hundred auto dealer clients, the program provides the dealer the opportunity to maximize income on the sale of VSC products. MaximumEquity offers the most complete package of profit, cash control and tax advantages available in the industry today.
Find out what MaximumEquity can do for your personal wealth building. To learn more about MaximumEquity and establishing an administrator obligor company for your dealership, please contact a member of the IAS sales team at 800.346.6469 or via e-mail at sales@iasdirect.com.