Protective Asset Protection Protective DOWC

Protective Asset Protection Protective DOWC: Protective DOWC and Lifetime Battery Protection Plan

Protective DOWC is its dealer-owned warranty company program.

A dealer-owned warranty company lets a dealership own the company that backs the service contracts it sells. Protective says it facilitates setup and operations.

The company presents this as a way for dealers to share in underwriting profit and investment income without putting dealership assets at risk. Those are Protective's statements, and a store should have its own advisers review the structure.

Service contracts are described as covering the cost of covered repairs, including parts and labor. GAP is described as paying, in most cases, the difference between actual cash value and the balance owed to the lender after a total loss or unrecovered theft.

Add-on products include tire and wheel, paintless dent repair, key replacement, appearance protection and prepaid maintenance.

Sales and support tools are listed. A dealer and agent portal handles electronic rating, submission, contract remittance and performance measurement.

The company says its DMS integration covers PEN, CDK and Reynolds systems. Marketing materials include digital tools, microsites, videos and point-of-sale pieces.

Training comes online, in the classroom and onsite.

An F&I director considering a dealer-owned structure would ask how reserves are managed, who administers claims and what regulations apply in the store's state. It would also ask what happens to the company if the dealer sells the store.

The category guide for F&I products lists a neutral checklist.

• protectiveassetprotection.com
• protectiveassetprotection.com /our-company/about-us
• protectiveassetprotection.com /who-we-serve/dealer-solutions
• protectiveassetprotection.com /f-i-solutions