Dealer Owned Warranty Co. (DOWC). a provider and administrator of F&I products and services, recently partnered with the Allstate Corp.
Like dealers, customers depend on the integrity of their vehicle service contracts and warranties. DOWC strives to ensure the successful administration of a dealer’s warranties and F&I products when customers need them the most.
“Allstate continually looks for partnerships that help protect consumers from life’s uncertainties,” said Thomas Hackett, national sales director for Allstate Dealer Services. “The vehicle protection products offered by DOWC do just that, and we are proud to underwrite their offerings.”
DOWC Michael LaMotta added in a news release, “We are thrilled to have grown our relationship with Allstate to become an official F&I partner as we continue to provide unparalleled service to dealers and consumers through seamless claims processing and effective management of all dealer service and repair requests.”
Effective for the 2018 tax year, DOWC pointed out the Federal Tax Cuts and Jobs Act has many dealers looking to transition to the domestic c-corporation structure of a dealer-owned warranty company, and away from the uncertain future tax implications of operating as a foreign corporation.
DOWC insisted its unique expertise in this area paired with the financial strength of Allstate offers dealers an exciting new opportunity.
“DOWC tailors a variety of structures to meet the needs of our dealership partners while ensuring regulatory compliance and providing peace of mind for the automobile owners. Underwriting provided by Allstate has allowed us to further expand our suite of offerings,” LaMotta said.