LAKE FOREST, Calif. — Portfolio announced the launch of Portfolio One, a new vehicle service contract for new and pre-owned vehicles. Portfolio One was designed to offer dealers and agents a simplified VSC option, replacing multiple contracts, streamlining the F&I sales process and furthering the industry’s progress toward 100% electronic contracting and rating.
It’s the result of extensive research and development, including a great deal of input from the field, and a major step forward for our company and our valued agents, dealers and customers.
Portfolio One offers exclusionary, stated or powertrain coverage for all makes and models on a single contract, plus an exclusionary wrap for vehicles already protected by a factory powertrain warranty. Every coverage level includes such additional benefits as towing, trip interruption, substitute transportation and transferability.
Executives noted all Portfolio One claims will be handled by a dedicated team of experienced administrators in the company’s Dallas offices, resulting in shorter wait times and a more personalized adjudication process.
“We take great pride in every product we bring to market, but Portfolio One is more than a product,” said Chief Sales Officer Dan Haugen. “It’s the result of extensive research and development, including a great deal of input from the field, and a major step forward for our company and our valued agents, dealers and customers.”
Portfolio One is available now in all 50 states with approval pending in Florida and Washington.
Originally posted on F&I and Showroom