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Texas Asset Protection News
Protective's Asset Protection Division to Join DealerTrack
LAKE SUCCESS, N.Y., June 26, 2006 /PRNewswire via COMTEX News Network/ -- DealerTrack Aftermarket Services, Inc. today announced that Protective's Asset Protection Division has agreed to join the DealerTrack Aftermarket Network(TM), the industry's first independent provider of real-time aftermarket contract rating and quote generation.
Protective's Asset Protection Division, a leading provider of extended service contracts, guaranteed asset protection (GAP), and credit/disability insurance, is the tenth aftermarket provider to be signed to the network. Other participating providers include Armored Tire, Charter Warranty, Life of the South, LoJack, Old Republic Insured Automotive Services Inc., Ultimate Warranty, Warrantech and Phoenix American/Wynn's Extended Care.
The DealerTrack Aftermarket Network provides dealers free access to real-time information on aftermarket vendors' products and services, and will include all categories of aftermarket products. DealerTrack's online rating and contract functionality creates a faster process, improves accuracy, and eliminates duplicate data entry. The network is now active with one provider and others will be going live in the near future.
"We are very pleased to welcome Protective to the DealerTrack Aftermarket Network," said David Trinder, president of DealerTrack Aftermarket Services, Inc. "Providing real-time data on available options for each vehicle and deal through the DealerTrack platform will boost Protective's efficiency and customer satisfaction. This is a dramatic improvement from the paper-based rate guides and contracting process and will reduce delays and errors, benefiting dealers and aftermarket providers." Read more at dealertrack.com
Asset protection can help when disaster strikes
Asset Protection: More coverage generally means you will have less to pay out of your own pocket if disaster strikes. You must determine the amount you can financially afford to lose. Depending upon your determination, more insurance may be the answer. You need enough liability coverage to protect yourself from lawsuits resulting from your possible negligence.
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Definition:
A savings account that allows the depositor to open the account as trustee for someone else (no real trust is set up). Account owners may use the funds as they see fit during their lifetime, and then upon their death the account balance is paid to the named beneficiary.
Spendthrift Trusts
Definition:
A spendthrift trust is created specifically to provide asset protection for the beneficiary. These trusts are written so that the beneficiary can receive the benefit of the trust, but have no right to demand benefits from the trust.
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Definition:
A collection of securities assembled for an investment goal.
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