Why The Gather Transfer Feature Is So Valuable
The graph shows the top Insurance companies in the U.S. What may not be evident is that there are hundreds of smaller agencies in the "other" category. Gather has the ability, regardless of carrier, big or small, to determine if the customer currently has insurance, and what the coverage levels are. We also verify identity and back that with our $1,000,000 guarantee. The consumer process takes less than a minute with only pictures of the drivers license, selfie, and insurance card needed (no log in required anywhere). This knocks an average of 15 minutes off every deal time wise The CRM is also updated as well.
Then the real magic begins. Because we integrate with all the DMS systems we have the deal information to send to the insurance carrier. Some, like GEICO, have the ability to receive this information electronically, go through a rapid underwriting process, and get the new binder covering the vehicle being purchased, sometimes before the customer has even entered the F&I office. Other carriers receive this information in different ways (we would like to upgrade all carriers to electronic), and the response back can vary but most are pretty good about turn around. If not then we still have our Qualified Spot Delivery option that can be used. All the updated information is then sent to the consumer and the dealership.
No one, especially dealership personnel or the consumer, ever has to converse with the insurance carrier unless issues come up such as insufficient coverage etc.
Dealerships are in the dark ages with their current insurance and identity verification process.
Gather has the answer.
Let me know if you would like to discuss. [email protected] . 321 262 6464
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