Tag Archives: GAP

Report: Value consumers get for GAP coverage continues to rise

A report compiled by AmTrust Financial Services showed how much value consumers are getting from F&I products, especially guaranteed asset protection (GAP) coverage as well as owners who operate their vehicles where weather and road conditions are poor.

Full Article and Report: https://www.autoremarketing.com/subprime/report-value-consumers-get-gap-coverage-continues-rise

Automating GAP Claims Webinar with PCMI Corporation

Sep 24, 2020 11:00 AM in Central Time

Guest speaker Lori Arce joins us to share JM&A Group‘s experience as an Innovation Partner implementing our new GAP Claim Consumer and Lender Portal. Register to learn about this powerful add-on as we run through its exciting features, including:

✔️ Consumer self-registration
✔️ 24/7 claim initiation
✔️ Mobile document upload
✔️ Automatic claim status updates

Registration and more information: https://us02web.zoom.us/webinar/register/4015997512568/WN_8redCa0YSHuzNEL54RtUng

Rising GAP Claims Reveal Troubling Trends

Although we have seen it before today’s rapid increases in GAP losses should be of concern. Both the frequency and severity are now rising to levels that are concerning.

Full Article:  http://www.fi-magazine.com/channel/dps-office/article/story/2017/03/rising-gap-claims-reveal-troubling-trends.aspx#.WL8awTKqdeQ.linkedin

CFPB accuses some lenders of deceptive GAP, payment deferral ads

The CFPB’s Summer Supervisory Highlights report says one or more lenders are deceptive in their advertisements for GAP coverage and disclosures of payment deferral terms.

Full Article:  http://www.autonews.com/apps/pbcs.dll/article?AID=/20160706/FINANCE_AND_INSURANCE/160709943/cfpb-accuses-some-lenders-of-deceptive-gap-payment-deferral-ads

Beware of Car Dealership Sales Contracts

According to Consumer report you should carefully read the contract when buying car or truck – or you could end up paying more than you expect.

Full Article:  http://www.consumerreports.org/shopping/beware-of-car-dealership-sales-contracts/

Agent of Change, Phoenix American Warranty Company, Inc. Celebrates 30 Years

Phoenix American Warranty Company, a premier provider in the Vehicle Service Contract, GAP Waiver and Vehicle Protection Product industry, celebrates its 30th Anniversary.

Full Release:  http://www.prnewswire.com/news-releases/agent-of-change-phoenix-american-warranty-company-inc-celebrates-30-years-300044149.html