No Use No Lose Guarantee Program to be Underwritten by Great American Insurance Company
National Automotive Experts and No Use No Lose Inc. have announced that Great American Insurance Company is now underwriting the No Use No Lose Guarantee for automobile service contracts.
CLEVELAND - National Automotive Experts and No Use No Lose Inc. have announced that Great American Insurance Company is now underwriting the No Use No Lose Guarantee for automobile service contracts.
Bob Mancuso, vice president of sales and marketing for National Automotive Experts, said, "No Use No Lose Inc. is very excited to partner with a company with such an excellent reputation as Great American." Great American Insurance Company is a member of Great American Insurance Group and has consistently received "A" ratings from A.M. Best and Standard & Poor's.
The No Use No Lose Guarantee is a product offered through automobile dealerships which provides customers with a refund of a vehicle service contract's cost (up to $4000) in the event that none of the benefits associated with the contract are used during the contract period. Unlike competitor programs, the No Use No Lose Guarantee allows a customer to make a claim based on time or miles, whichever comes first.
According to Mancuso the program is very attractive and profitable for dealers and consumers alike. "Dealerships are very satisfied with the ease of implementing the program and the immediate effect it has on service contract penetration and gross profit. The service contract is no longer as price sensitive in the customer's eyes, knowing that they will receive 100 percent refund if they never use it."
The No Use No Lose Guarantee program will be administered jointly by Premier Dealer Services (PDS), a wholly owned subsidiary of Great American Insurance Group and National Warranty Administration Network.
More F&I
Integrating Nontraditional F&I Products
The niche presents a strategic advantage for auto dealerships as they move to adapt to fast-changing consumer expectations in today’s market.
Read More →
Trust Is Personal
Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.
Read More →
Amplify 2026 Billed as Turning Innovation Into Results
Reynolds and Reynolds says its annual retail summit will connect dealers with practical strategies, peer insight, and technology-driven ideas.
Read More →
Own Your Outcome: F&I in the Digital Customer Journey
Finance has historically been the last step in the car-buying process, but it doesn’t have to be. The customer’s journey starts long before they arrive at the dealership, and so should F&I’s involvement.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Lifetime Battery F&I Product Meant to Drive Dealer Traffic
EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.
Read More →
The Psychology Behind Menus That Increase Add-On Sales
There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.
Read More →
Why Your F&I PVR Is Misleading You
Here’s a handy checklist of the numbers to track in 2026 instead.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →