American Risk Services LLC

About

American Risk Services specializes in Collateral Protection Insurance for the Buy Here - Pay Here, Lease Here - Pay Here, and Subprime Lending industries.

Why Collateral Protection Insurance (CPI) from American Risk Services?

• American Risk Services is a full-service provider
• Proven “best practices” on-site and online training. Each dealer/lender employee receives a CPI Operations & Compliance Manual
• 20% higher CPI usage than the standard industry
• Full DMS integration sends all dealer/lender CPI activity to the ARS CPI Portal. No need for manual reporting by the dealer. No faxing of documents and no spreadsheets for the dealer to maintain
• Signature ready CPI forms produce directly from the dealer’s DMS system
• Accounting and collection information automatically provided through the CPI Portal. No need for account reconciliation each month
• Only CPI premium already collected by the lender is invoiced. If the lender does not collect the CPI fee from the customer, the lender does not have to pay the CPI premium to the insurance company
• No application fees, premium tax fees, claims fees, processing fees, etc. - no hidden fees
• Unmatched compliance and due diligence. State specific CPI forms and disclosures to protect the dealer, lender, and the customer
• CPI claims processing averages only 3 days
• No claims processing fees charged to the lender

Collateral Protection Insurance

• Greatly reduce damaged vehicle losses and charge-offs
• Revenue source
• Collect higher down payments
• Increase sales
• Cost saving operational efficiencies

Isn’t it time you receive the full-service CPI program that you deserve?