Mack Financial Services has introduced physical damage insurance applicable to every make and model within a customer’s fleet.
The newly launched MFS Rolling Asset Program provides flexible coverage aimed at safeguarding all assets involved in a client’s operations.
Features of RAP include:
- A consistent, fixed rate for durations of up to 72 months
- Various monthly payment options
- Claims that do not affect customer rates
- No need for annual renewal negotiations
Coverage is accessible for any asset, regardless of the financing method used.
Consistent Insurance Budgeting
“The Rolling Asset Program from Mack Financial Services provides straightforward and predictable coverage for each asset in the fleet, featuring fixed rates that enhance budgeting reliability,” stated Jonathan Randall, president of Mack Trucks North America, in a press release.
“Since RAP is available irrespective of an asset’s financing structure, it streamlines insurance management, supports fleet operational uptime, and is backed by MFS’ dedicated customer service.”
RAP presents a variety of deductible selections between $1,000 and $10,000, an optional deductible for windshield damage, uninsured or underinsured motorist protection, and Personal Injury Protection in select states. Additional options include downtime or rental reimbursement, and towing coverage of $20,000 for Class 8 assets and $10,000 for trailers and other vehicles.
In select states, Non-Trucking Liability can be purchased alongside Physical Damage coverage.
Combine with Other Mack Financial Services
RAP enhances MFS’ growing array of waiver and insurance solutions. The current offerings consist of:
- Guaranteed Asset Protection (GAP), waiving up to $50,000 between what insurance covers for total loss/unrecovered theft and the balance of the loan/lease.
- Life Event Waiver, which covers up to three months of payments in cases of major life events, providing a benefit of up to $25,000.
- Total Protection package (Life Event plus GAP) with a $500 discount for customers.
- Equipment Protection Program, offering fixed-rate physical damage coverage for financed units, no application required, and claims that don’t affect loss ratios for finance terms of up to 84 months.
- Personal Accident Insurance available for anyone, granting benefits up to $100,000, extensible to family members and dependents.
“It’s more than just your loan or lease options,” remarked Danielle Riley, finance manager at Bruckner Truck & Equipment.
“From a customer perspective, this bundled service presents a compelling offer. Having a single payment option is a significant advantage.”
“Amid rising truck insurance expenses, MFS is uniquely positioned to provide competitive flat, fixed rates on physical damage coverage over extended periods, covering all fleets, regardless of brand,” commented Patrick Shannon, president of MFS North America.
“When paired with our GAP, Life Event, and Personal Accident products, our customers’ assets and financial flow are more effectively safeguarded.”
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