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DATE: July 9, 2002
TO: Dealers, General Managers
and F&I Managers
FROM: Mark S. Krejci
RE: New CNA Vehicle Service
Contract Product Enhancements
I am excited to announce new
product enhancements for the CNA Vehicles Service Contracts, which will
become effective August 1, 2002. They are as follows:
1. Two "wrap" coverage's
for new vehicles: Factory+Plus Preferred Care
(APC without powertrain components) and Factory+Plus Advantage
Care (MAC without
powertrain components).
-All Preferred Care Contracts
are exclusionary coverages - only lists what is not covered.
-All Advantage Care Contracts are stated component coverage contracts.
2. New "wrap" coverages
for certified used vehicles: Factory+Plus Preferred Care
and Factory+Plus Advantage Care .
3. Elimination of 24,000-mile
guideline for near-new vehicles. Now dealers can sell a near-new contract
anytime during the full factory warranty.
4. Elimination of the business
use surcharge. If a vehicle is not ineligible based on its use or equipment,
it qualifies for coverage at no extra cost.
5. Disappearing deductible
added - This can also be extended to sister stores within a participation
group at the dealer's request.
6. New $150 deductible option.
We will be giving you the new
policies during the month of July. Please be aware that no programming
changes are necessary.
Thank you for allowing us to
serve you. If you have any questions please feel free to give me a call
at (813) 223.0085 x25.
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