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Who would benefit most from our coverage?
01
Limited Financial Reserves
Many Americans have minimal savings, with less than 57% having less than $1,000 in their bank accounts. These consumers often rely heavily on financing to afford a vehicle, and a sudden total loss could create a significant financial burden. YourCo’s product provides them with a crucial safety net, covering their down payment and helping them avoid an unexpected financial setback.
02
First-Time and Younger Car Buyers
First-time buyers, particularly young adults, typically have lower savings and less financial experience, making them more vulnerable in the event of a total loss. YourCo’s product reassures these buyers, helping them enter the car market with greater confidence and security around their initial investment.
03
High Loan-to-Value Ratios
Many consumers put down low or minimum down payments, creating high loan-to-value ratios that make them more financially exposed if their car is totaled. Our coverage ensures that these buyers aren’t left out-of-pocket and can more easily replace their vehicles without starting from scratch.
04
Risk-Aware Buyers Seeking Extra Security
Some consumers prioritize financial protection and are looking for added security on top of traditional insurance products. These customers value peace of mind and view YourCo’s coverage as a proactive solution that enhances their financial resilience, even in unforeseen situations.
DOWN PAYMENT INVESTMENT COVERAGE
Our flagship product, Down Payment Investment Coverage, is the first to protect consumers by reimbursing their initial vehicle investment in the event of a total loss. This product meets a real need in a largely untapped market and offers our dealership partners a new way to enhance customer satisfaction and loyalty.
