Specialty Lines
Please call (410) 584-1531 for more information on these programs.
Daily Rental Programs
Factories, dealers, and the customers all want warranty customers driving same make loaner vehicles. This program will increase customer satisfaction, increase dealer service retention and increase factories' parts sales.
Private Label GAP Programs
When a car is a total loss due to accident or theft, quite often the owner ends up paying the difference, or "gap", between what they owe on the loan or lease and the actual cash value of the vehicle from their own pocket. In such cases, Loan and Lease Elimination Insurance is a simple and affordable method of protecting vehicle owners from the financial loss associated with loan/lease deficiencies.
GAP (Guaranteed Auto Protection) programs pay the difference between the actual cash value of the totaled vehicle and the outstanding loan or lease. It also reimburses the primary insurance deductible up to $1,000.
The program can be tailored to your desired coverage level and private labeled with your company's logo.
Contingent and Excess Liability
Contingent Liability insures a lessor against loss if the lessee's primary insurance:
- Has been cancelled
- Has expired
- Is insufficient
- Is uncollectable
Excess Liability protects the lessor when named as a defendant as a result of an accident involving a lessee. This coverage applies over and above the lessee's primary policy or the lessor's contingent coverage.
Contingent Physical Damage
Contingent Physical Damage provides the lessor comprehensive and collision coverage if the lessee's primary coverage is not in force or is uncollectible. This coverage has several deductible options.
Interim Auto Coverage
Interim Auto Coverage applies to vehicles owned by a lessor and intended for lease, and vehicles returned to a lessor after lease termination and held for sale or assignment. The coverage is available on both the liability and the physical damage forms.
Residual Value Insurance
Residual Value insurance guarantees the future value of a leased or financed vehicle at the end of its term. This coverage offers you peace of mind for the unknown risks of the used car market in the future so your concerns about the future profitability of the portfolio can be put aside.
Independent automotive publications are used to establish the future value of the insured vehicles and several deductible options are available.
Extended Service Contracts Program
Many people own their vehicles far beyond the terms of the factory warranty. Without the protection benefits offered by extended service contract coverage, vehicle owners may experience costly mechanical breakdown.
PDP will help you develop a private label extended service contract program for you to offer to your customers.
Blanket Lender Single Interest Programs
Blanket Lender Single Interest coverage protects lenders against loss from repossessed collateral that is damaged an uninsured. This physical damage insurance includes coverage for theft and can be extended to protect the lender after the vehicle has been repossessed and is being held for sale or assignment.