RINGWOOD, N.J. — Dealer Owned Warranty Company, a national provider and administrator of F&I products and services, has partnered with the Allstate Corporation, the companies announced.
“Allstate continually looks for partnerships that help protect consumers from life’s uncertainties,” said Thomas Hackett, national sales director for Allstate Dealer Services. “The vehicle protection products offered by DOWC do just that, and we are proud to underwrite their offerings.”
“We are thrilled to have grown our relationship with Allstate to become an official F&I partner as we continue to provide unparalleled service to dealers and consumers through seamless claims processing and effective management of all dealer service and repair requests,” said Michael LaMotta, a sales and training executive with DOWC.
Effective for the 2018 tax year, the Federal Tax Cuts and Jobs Act has many car dealers looking to transition to the domestic c-corporation structure of a dealer-owned warranty company, and away from the uncertain future tax implications of operating as a foreign corporation, LaMotta added, noting that DOWC’s “unique expertise” in this area paired with the financial strength of Allstate offers dealers an exciting new opportunity.
“DOWC tailors a variety of structures to meet the needs of our dealership partners while ensuring regulatory compliance and providing peace of mind for the automobile owners. Underwriting provided by Allstate has allowed us to further expand our suite of offerings,” LaMotta said.
