Insurance Binder Overview
Your manager is about to deliver a car and the customer does not carry an evidence of full coverage insurance.
It is late at night, or on a weekend and the customer’s insurance agent or broker is not available.
Your customer has already spent over two hours in the showroom and now has to shop for car insurance. Or maybe you simply want to make sure that your collateral is covered, while the deal is in transit, regardless of who is driving the car if there was an accident or damage, etc.
We can help in any of the above scenarios. We provide your dealership with a 7 to 30 days, full coverage certificate of insurance that you can print in less than one minute, commonly known as “insurance binder”.
Available 24 hours a day, any day of the week, our insurance binder covers any purchaser who is 18 years and older, regardless of driving record or license status. The car is covered regardless of who was driving in case of an accident.
Why Vantage?
We Understand Your Business
- Over 100 Years of combined Dealership management experience on our team.
- Excellent rated , multi-billion dollar insurer, by A.M. Best.
- Increased dealership CSI. Certificate is provided in 1 minute!
- We work with 6 of the top 10 Wards Mega Dealer 100
- Former “on call” insurance agents which have written personal auto policies for customers in dealerships. Licensed General Lines insurance agents on staff
- Former General Managers, General Sales Managers, Finance Directors
- Experienced with this type of coverage for over 20 years
- Best solution to overcome customer insurance issues at the point of sale, while also reducing your Dealer’s liability and saving back end gross profit
Point of Sale Insurance Opportunities
- Late night/weekends/after hours Local Independent Insurance Agencies are often unavailable to either add or verify existing coverage
- Rushing for quotes at the Point of Sale sometimes result in expensive quotes that either delay the deal or discourage customers from investing in protection products
- Available during Pandemics, Tropical Storm and Hurricane warnings
- Out of Sate or International Driver’s license are eligible
- Out of Sate Insurance, Snowbirds, Military
- 1st time buyers, No prior insurance, Children on parent’s policy
- No Driver’s license check or qualification
- 18 and older is the only stipulation
- Permissive use, Guaranteed Issue, One Minute to Print Certificate of Coverage
Increase Your PVR
Lost PVR because of insurance? We Can Help.
- Insurance quotes at the Point of Sale have the potential to blow up a car deal!
- Customers at the Point of Sale have limited time and choices, resulting in higher quotes
- Some Insurance Agencies offer back-end ancillary products, often lower quality and directly compete with your F&I department offerings
Print Your Binder
Steps to print 7-30 days insurance binder:
- Secured login provided to your Dealer’s management team
- Fill out basic buyer’s information
- Upon completion, docs are easily printed for the customer and the dealership
- The entire process takes one minute
- Everyone is accepted. No underwriting guidelines
- No sign up fees. No monthly fees
- Manager-only access