Reinsure the products you own
Through reinsurance, participants are permitted to share in the underwriting profits and investment income generated by the sale of F&I products. With DOWC®, you are in control of your reinsurance company and may be able to access earned and unearned premium. Where permitted, no custodial trust is required.
Some advantages of reinsuring with DOWC® include:
Complete control by the dealer/shareholders
Dealer may be able to access earned and unearned premium
Custodial trust may not be necessary
Dealer may self-direct investment strategy
Dealer may borrow premium in lieu of profit distributions
Dealers may choose the domicile of his or her preference
Virtually no initial capital requirement necessary
Programs qualify for preferential tax treatment
Shareholders are not taxed until distributions are declared
And protect your assets by controlling losses
MINIMIZE THE TRUE LOSS COST
We understand that key loss drivers include the labor rate paid and cost of parts. DOWC® customizable products ensure the mitigation of these losses by permitting the use of a stated labor rate and referencing parts pricing.
DON’T HELP YOUR COMPETITION
DOWC® contracts utilize a tie-back provision to drive losses back to the dealership as profits. We also focus on bringing transient claims (those outside of the tie-back area) back to the dealership when possible.
DEFINE YOUR RISK
Contract customization, surcharges, and stop-losses are all tools that allow you to offer customers value-added coverage while being comfortable with and in control of risk. In addition, claims overrides allow for case-by-case claims decisions.