Turn a Total Loss into a Fresh Start for Your Credit Union Members

Posted by on Feb 24, 2017 in News |

One of the biggest financial risks that both members and credit unions face is the fact that vehicles experience significant depreciation the minute they are driven off the lot. We know that GAP Waivers offer members protection against some of the risk of depreciation by helping to waive any remaining loan balance after the primary insurance settlement in the event of a total loss. However, GAP Waivers do not always help the borrower get back into a vehicle comparable to the one they originally purchased.  A few reasons for this are diminished market value, inflation and that primary insurance carrier settlements are often under book value.  Our partners at Frost have recently introduced a GAP enhancement that can increase the value of your GAP offering called the TotalRestart – Loyalty Membership Program.   How it Works In the event of a total loss, TotalRestart pays up to $4,000 beyond the amount that GAP recovers. When members finance their auto loan through your credit union and purchase GAP coverage, they get the peace of mind of knowing they could get credit toward the replacement cost for a similar vehicle if theirs is damaged or stolen and deemed a total loss. Often times when a credit union finances less than 100% of the vehicle value, it isn’t easy to explain and demonstrate the potential GAP risk that might exist due to unexpected depreciation or poor primary carrier settlement values. Those loans, in particular, will benefit from TotalRestart protection, as the likelihood of receiving a benefit during the term of TotalRestart is even greater when the vehicle is not over-financed.  Credit unions offering TotalRestart have also seen an increase in GAP sales.  With the inclusion of the current $1,000 GAP Plus benefit, TotalRestart would allow your credit union to offer members up to $5,000 towards their next vehicle financed with you. TotalRestart helps credit unions to: Provide a member benefit that goes beyond just paying off the loan. Differentiate your loan and GAP offering by promoting its added value. Increase member loyalty after a total loss as the reimbursement benefit is only available toward the financing of a replacement vehicle with YOU. To learn more about TotalRestart, please complete the contact form below: Contact Form Name* First Last Email* PhoneWhat would you like to learn more...

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Insurance Trust Announces New Partnership with Dale Carnegie Maine

Posted by on Feb 23, 2017 in News |

Insurance Trust is proud to announce its new partnership with Dale Carnegie Maine.  The partnership will provide our Maine credit union partners with access to a Platinum discount on Dale Carnegie’s core programs.  The discount grants a 15% ($300) savings on these powerful training courses: The Dale Carnegie Course – A training process that improves company profitability by improving employee performance. Dale Carnegie Sales Training – This cutting-edge program trains sales professionals to build relationships that open more doors and encourages lasting client commitment. High Impact Presentations – Intensive training that concentrates on delivering a powerful and impactful presentation. The Leadership Advantage – This highly concentrated program focuses on primary management functions and communication skills development. “Our agency is dedicated to providing comprehensive training resources to credit unions through our ongoing Insurance Trust University initiative. We continually strive to provide new content that is dynamic and relevant for our credit union partners. We feel the Dale Carnegie courses will be a very beneficial addition to our yearly curriculum.” – David Baird President/CEO, Insurance Trust Dale Carnegie has over 9 million graduates and offers programs in over 80 countries and in 35 different languages worldwide.  Dale Carnegie graduates work in every industry and nearly every country and include employees from over 400 of the Fortune 500 corporations.  The training courses provide practical exercises are used to instill real-world solutions, and participants get the chance to interact in a positive environment. The Dale Carnegie objective is to gently, and persistently, support participants to move out of their comfort zones to achieve goals they have set for themselves. To learn more about upcoming courses from Dale Carnegie Maine, click on the button below: Dale Carnegie Maine Please email Insurance Trust Training Director Randy Judkins at rjudkins@inusrancetrust.us to receive the 15% ($300 savings) registration promo...

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