Assurant Solutions
Part of Assurant Inc. Assurant Solutions is into development, underwriting, marketing and administration of allied risk solutions. The company mitigates the risk associated with it by collaborating with retailers, funeral homes, automobile dealers and financial institutions. An Automotive and Recreational Vehicle Services is a division of the company specializing in providing car insurance products to its customers. Assurant Solutions has offices in 22 states of US apart from offices in 11 other countries. The parent company Assurant is a Fortune 500 company with over $26 billion in assets and $8 billions of annual revenues. Assurant Specialty Property, Assurant Health and Assurant Employee Benefits are three other group firms of the Assurant Group.
Assurant Inc in its present form is a result of series of mergers and acquisitions, which started way back in 1977. Assurant Solutions came into existence in 1999, when American Bankers Insurance Group was combined with American Security Group.
Product Portfolio
Assurant Solutions primarily partners with car dealers, manufacturers and finance companies to design and market its car insurance products. Taking inputs from all the involved parties, Assurant Solutions has developed products such as Vehicle Service Contracts, Vehicle Theft Protection, Tire and Wheel Protection and Guaranteed Asset Protection Insurance. These products of the company help its clients to minimize the risks associated with car ownerships. Instead of delivering or marketing the products directly to the retail clients, Assurant Solutions taps dealers of cars and other recreational vehicles (such as watercraft, motorcycles and all terrain vehicles), trains them on these product offerings and markets these products through them. In a similar way lending institutions and car manufacturers are also used to market the risk management or car insurance products of the company.
Vehicle Service Contracts product of Assurant Solutions protects the car owners from unexpected costly repairs. This product is meant for new as well as pre-owned cars. Guaranteed Asset Protection Insurance (GAP) is specifically meant for lending institutions, which covers borrower's responsibility on outstanding loan or lease on a car or any other recreational vehicle. Tire and Wheel protection product is developed for the manufacturers, who offer conditional warranties on newly shipped cars. This particular product covers costs associated with flat tires, tire replacement, wheel/rim, towing and roadside assistance. Though this product can be used for cars, it is ideal for heavy commercial vehicles which are more prone to such damages. In order to know more about the company and its products, visit assurantsolutions.com.
