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Theft Deterrents – PremierID Theft Protection

Protecting a customer’s vehicle is important, but protecting their credit and identity are vital – PremierID is singular identity theft solution program, aiding your customer in repairing and restoring their credit in the event of an identity theft.

This credit restoration program utilizes a credit restoration advocacy group – if your customer’s identity is stolen, they simply call a credit restoration specialist who can help restore the customer’s credit to “pre-event status” (their credit score and status before the theft). This advocacy group saves the customer time and money that would otherwise be spent trying to restore their credit – and their everyday lives.

In the event that the advocacy group fails to return the customer back to “pre-event status” within six months, the customer has the choice of continuing with the advocacy group or moving forward on their own and being reimbursed up to $25,000 for out-of-pocket costs.

This product is intended to be offered as a giveaway for short-term coverage, with the option for a paid extension to multiple-year terms.

Primary Benefits

  • Two types of coverage available: single (covers purchaser only) and family (covers purchaser and in-house dependents up to age 25)
  • Differentiates dealership from competitors
  • Increased customer satisfaction resulting in repeat business and increased automobile sales
  • Increased F&I department revenue

Customer Benefits

  • Personal credit restoration specialist dedicated to restoring customer’s credit
  • Credit restoration specialists notifies affected creditors, financial institutions, credit card companies, utility providers and other necessary parties
  • Credit restoration specialist handles all forms and filings related to the identity theft

Underwriting Guidelines

Dealerships must market only one of the PremierID pack programs, but can offer any of the PremierID extended terms to customers.

  • Customers must take all reasonable and customary precautions to prevent identity theft
  • Customers must abide by all state and federal laws applicable to identity theft during the term of the agreement

Note: See the PremierID Limited Warranties and Dealer Agreement for a complete explanation of terms, conditions, exclusions, underwriting guidelines and limits of liability. Restrictions may apply. Product availability may vary by state or country.