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With GAP insurance, you can cover your clients for the difference between their vehicle’s actual cash value and the balance still owed on their financing. If your client’s vehicle is totalled or stolen, the payout from a standard auto insurance policy may not cover the remaining debt.
This difference can indeed be significant. That’s where Assurity RE comes in. As a trusted reinsurer, we share this risk with you, protecting you from potentially substantial losses. Our partnership will allow you to offer GAP insurance confidently, knowing you’re backed up by Assurity RE, thus keeping your financial exposure manageable.
At Assurity RE, we bring to the table a wealth of specialized expertise in diverse risk types. We apply this knowledge to assist you, enabling you to underwrite and price your GAP policies more effectively. For instance, we offer insights into factors that contribute to vehicle depreciation and the likelihood of total loss claims. By partnering with us, you’re not just getting a reinsurer, you’re gaining access to deep industry expertise that helps you tailor your GAP offerings.
At Assurity RE, our extensive data resources and specialized knowledge empower us to offer insights that can assist you in pricing your GAP policies more competitively. We understand that achieving the right balance in pricing is crucial. It not only attracts more customers to your GAP insurance offerings but also maintains the financial viability of your product line. By partnering with us, you are aligning with a reinsurer committed to your growth and success, enhancing the affordability and appeal of your GAP services for your clients.
At Assurity Re, we recognize the importance of efficient capital management. Our approach will help you lower the amount of capital required to cover potential claims and enable you to expand your business while underwriting more GAP policies without requiring a significant capital increase. With Assurity Re, you can confidently grow your business while maintaining sound financial management with our tailored reinsurance solutions.
