Setting up F&I Insurance Option
F&I Insurance Option
Insurance Tables can be created for each type of coverage and commission level for all the companies you write premiums through.
Insurance Companies group these tables and set the ones that will be default with choice of terms – you can select the most commonly used packages whether or not you assign a default term of coverage. The term will automatically adjust down if the note term is not as long as the proposed coverage. You do not need to default any coverage – or you can default them all.
New look of the Deal screen F&I tab – Note the insurance Company choice at left – only the company name to set the group of offerings. At right, Insurance Options allow you to select who is covered, for which term, by what coverage. Change the coverage by drop down lists to mold it exactly to fit the accepted payment level, 14 Retro a little high? Drop back to 30 Elim. Or maybe drop Accident and Health completely in favor of Accidental Plus that gives short term disability and Loss of Employment coverage in the same premium. Each time you change a factor or select a box your payment responds, and you can make those payments weekly and bi-weekly – you can have some coverage on the Buyer, some on the Co-Buyer and some on both.
If your insurance company offers them, we can now create plain paper certificates from your laser (or Ink cartridge) printer. Complete with secure certificate number.