Sentinel Warranty Launches Vehicle Service Contracts Tailored to Needs of Credit Unions and Banks
Industry: Transportation & Logistics
Backed by an A-Rated Carrier with $32B in Assets, Sentinel's Auto Repair Warranties Provide Credit Unions & Banks with New Revenue Source and Reduced Auto Repossessions
Napa, CA (PRUnderground) August 21st, 2017
Sentinel Warranty enters the vehicle service contract market today, offering a suite of Vehicle Service Contracts tailored specifically to meet the needs of credit unions and financial institutions across the U.S., announced Bryan Nieves, Vice President, National Accounts for Sentinel Warranty. With Sentinel Warranty, credit unions and financial institutions can now offer their customers and membership industry-leading automotive coverage at competitive rates via customizable policies that fully integrate into their existing software platforms. Backed by an ‘A’ rated carrier with more than $32 billion in assets and an administrator with an A+ Better Business Bureau rating, Sentinel Warranty brings efficiency, reduced operational costs, and industry leading service to its partners nationwide.
“We conducted extensive research within the marketplace, meeting with many of the nation’s leading credit unions and banks before launching Sentinel Warranty. Each group we met with expressed the need for a customizable vehicle warranty product they could assure their clients and members would be there for them now and in the future. Their candid feedback led Sentinel Warranty to offer four coverage options ranging from Powertrain Coverage to Supreme Plus, the industry’s best exclusionary coverage. Further, each plan is customizable from 12 months/12,000 miles to 120 months/150,000 miles, depending on model year and mileage.”
In addition to broad coverages, benefits and competitive pricing, Nieves noted the real market differentiator for credit unions and banks is Sentinel Warranty’s solid financial backing and experienced administrator. Both demonstrate the long-term stability and financial resources backing all of the Sentinel’s warranties.
According to Nieves, “While we provide all of the training and integrated software support to ensure a smooth implementation, we are always available to speak with a loan officer or a credit union representative who has questions on coverages or claims.” And with the firm’s online toolkit, Sentinel Warranty makes the entire process simple, from paperless contract fulfillment, online contract coverage details, real time access to comprehensive reporting, and online access to marketing materials.
Additional Sentinel Warranty features include, 24/7/365 Roadside Assistance; 24/7 150-Mile Tow Service; Same Day Claims, Trip Interruption – If your vehicle is not drivable while on a road trip, you will be reimbursed up to $100. per day for up to 3 days for meals and lodging. (must be more than 150 miles from residence); Total Loss Refund – If your car is declared a total loss by the insurance company, you will be refunded the total cost of the vehicle service contract; Green Vehicle Coverage – Includes battery and charging station; Transferable & Cancellable.
Further, all of Sentinel Warranty’s claims adjustors are ASE certified so they’re intimately familiar with the mechanics of each vehicle, ensuring customers receive the proper service and repairs as quickly as possible.
“We’re very excited to be in this market and are looking forward to establishing long-term relationships with credit unions and financial institutions, allowing them to offer a valuable benefit to their customers and members. With the rising cost of repairs today, we’re certain Sentinel Warranty’s products will be very well received,” concluded Nieves.
About Sentinel Warranty
Sentinel Warranty provides the nation’s finest financial institutions and credit unions with the premier suite of warranty and vehicle service contracts in the country, including Any Year-Any Mileage© coverage. All Sentinel Warranty policies are administered by a long-standing, award-winning company with more than 25 years of experience in the vehicle service contract industry. Boasting an A+ Rating from the BBB, the administrator files federally as an insurance company, ensuring that every policy is backed by a contractual liability policy (CLIP) issued by an ‘A’ Rated carrier with $32 billion in assets. All Sentinel Warranty customers and partners can rest assured that their policy will be there when they need it. For more information, please visit us at www.sentinelwarranty.com