American Auto Protection
American Auto Protection describes itself as offering tailored F&I solutions and reinsurance strategies for new and used car dealerships, and says it was founded in 2017. Its solutions page lists vehicle service contracts, GAP coverage, tire and wheel protection, prepaid maintenance, ancillary bundles, interior and exterior chemical protection and windshield coverage, along with capital advances.
American Auto Protection: Vehicle Service Contracts
Its site also publishes a book by Arturo Flores on dealer participation and reinsurance structures.
| Product or service | Function |
|---|---|
| Vehicle Service Contracts | Coverage for repairs after the factory warranty. |
| GAP Coverage | Guaranteed asset protection. |
| Tire and Wheel Protection | Coverage for tire and wheel damage. |
| Prepaid Maintenance | Maintenance plans. |
| Ancillary Bundles | Packaged coverage options. |
| Reinsurance | Dealer participation structures. |
| Capital Advances | Financing offered to dealers. |
American Auto Protection: product details
American Auto Protection's team page says two partners, Arturo Flores and Wayne Neal, launched the company in June 2017 after working for third-party administrators, and that Jack Estes, with more than three decades in the business and a start as a service technician in 1989, joined in October 2019. The home page lists vehicle service contracts, GAP and unique protection plans, mentions Elite Agency Awards, and sells reinsurance strategy to dealers.
A dealer should ask who administers claims and which underwriter backs each contract.