Vehicle Service Contract

 

Centennial

  • No Dealership contingent liability associated with Dealer Obligor program
  • Alleviates cost associated with Dealer Obligor
  • All premiums are ceded on a written basis
  • Independent third-party trustee deposits funds in financial institution of dealer’s choice
  • PORC “owns” funds NOT the service contract
  • Dealer controls investment decisions (within guidelines)
  • Optional discretionary account requiring only dealer’s signature
  • Dealer decides when dividends are payable
  • Dealer controls “goodwill claims” (certain restrictions)
  • Availability of loans

Centennial is Mechanical Protection for New & Pre-Owned Vehicles

Centennial Automotive Protection Plan is a vehicle service contract that provides vehicle protection, rental reimbursement, roadside assistance, towing coverage and increased resale value.  Centennial Vehicle Service Contracts are accepted by repair facilities nationwide.

VEHICLE PROTECTION

Centennial Vehicle Service Contract pays for parts and labor of covered components during the term of the vehicle service contract.

NATIONAL ACCEPTANCE

Centennial Vehicle Service Contracts are accepted by repair facilities nationwide.  In the event that a network repair facility is not available, transient claims are paid by a nationally accepted credit card.

RENTAL REIMBURSEMENT

If your customer is in need of a rental vehicle due to a covered mechanical breakdown, Centennial will allow rental coverage with no deductible.

TOWING COVERAGE

The Centennial Service Contract provides for towing reimbursement when in conjunction with the repair of a covered item.

INCREASED RESALE VALUE

If the vehicle is sold, the remaining Centennial coverage can be transferred to the new owner, providing the opportunity of a higher resale price.

ROADSIDE ASSISTANCE

In case of emergency, your customer can feel secure in that Centennial coverage provides for towing, flat tire, lock out assistance, battery jump start or for an emergency supply of gasoline and fluids.

Covered Components include:

POWERTRAIN

  • Engine
  • Turbo Charger/Super-Charger
  • Transmission (Automatic or Standard)
  • Front/Rear Differential/Case
  • Seals and Gaskets

STANDARD
Includes items listed in the Powertrain Coverage Plus:

  • Air Conditioner
  • Front Suspension
  • Steering
  • Brakes (Non-ABS)
  • Electrical
  • Seals and Gaskets

HIGH-TECH
Includes items listed in Powertrain and Standard Coverage Plus:

  • Additional Electrical
  • Anti-Lock Brakes (ABS)
  • Cooling
  • Factory Air Conditioning and Heating
  • Front and Rear Suspension
  • Fuel System
  • Interior/Exterior
  • Seals and Gasket