IRVING, Texas -- EFG Agency Services has received approval to distribute the Trade Protection Plan (TPP) in California. It will be distributed by the Motorist Assistance Plan (MAP), which is the trade name of EFG’s vehicle service contract.

TPP is a service contract that is bundled with additional options designed to appeal to consumers who want more coverage than typically offered by standard vehicle service contracts.

TPP provides mechanical coverage along with other features, including upgraded rental coverage, trip interruption coverage, roadside assistance, tire road hazard coverage, windshield coverage and paintless dent repair coverage. In addition, when consumers trade in their car at the selling dealer, they are eligible for a credit up to the full purchase price of the contract to apply toward a new car lease or purchase, even if claims have been paid.

"We are pleased that the State of California Department of Insurance has approved the Trade Protection Plan for the California market," said Mike Long, vice president of Agency Services. "We believe the TPP program will be a win-win for both dealers and consumers in the California marketplace. Dealerships utilizing the Trade Protection Plan in partnership with their standard new vehicle service contract can effectively double their VSC penetration."

According to industry data, about 70 percent of consumers decline standard VSCs during the vehicle purchase process. TPP was designed to appeal directly to customers who typically decline standard new-car VSCs. The TPP program also ensures that trade-in cars will be in better condition when the customer returns to the participating dealership thereby reducing reconditioning costs.

TPP by MAP is available to retail dealers throughout the United States through authorized general agents.