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Florida Asset Protection News
Protective's Asset Protection Division to Join DealerTrack
LAKE SUCCESS, N.Y., June 26, 2006 /PRNewswire via COMTEX News Network/ -- DealerTrack Aftermarket Services, Inc. today announced that Protective's Asset Protection Division has agreed to join the DealerTrack Aftermarket Network(TM), the industry's first independent provider of real-time aftermarket contract rating and quote generation.
Protective's Asset Protection Division, a leading provider of extended service contracts, guaranteed asset protection (GAP), and credit/disability insurance, is the tenth aftermarket provider to be signed to the network. Other participating providers include Armored Tire, Charter Warranty, Life of the South, LoJack, Old Republic Insured Automotive Services Inc., Ultimate Warranty, Warrantech and Phoenix American/Wynn's Extended Care.
The DealerTrack Aftermarket Network provides dealers free access to real-time information on aftermarket vendors' products and services, and will include all categories of aftermarket products. DealerTrack's online rating and contract functionality creates a faster process, improves accuracy, and eliminates duplicate data entry. The network is now active with one provider and others will be going live in the near future.
"We are very pleased to welcome Protective to the DealerTrack Aftermarket Network," said David Trinder, president of DealerTrack Aftermarket Services, Inc. "Providing real-time data on available options for each vehicle and deal through the DealerTrack platform will boost Protective's efficiency and customer satisfaction. This is a dramatic improvement from the paper-based rate guides and contracting process and will reduce delays and errors, benefiting dealers and aftermarket providers." Read more at dealertrack.com
Conservation Easement is a legal agreement
A Conservation Easement is a legal agreement reached voluntarily between a landowner and a land trust that protects water quality, wildlife habitat, scenic vistas, agricultural productivity and other conservation values permanently restricts the use of property by current and future landowners keeps property in private hands. Donating some or all of the development rights to a qualified, tax-exempt organization like the Washtenaw Land Trust, and meeting other specific conditions, allows a landowner to be eligible for certain tax benefits.
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Definition:
A type of investment that pools the money of many individuals and acquires real estate or mortgages that are then owned proportionally by each investor.
Marital Trusts
Definition:
A marital trust is used to benefit the surviving spouse of the person who dies. There are many reasons for creating such a trust-- to provide asset protection for the surviving spouse, or to ensure that your children are the ultimate beneficiaries of your estate.
Private mortgage insurance (PMI)
Definition:
Protection for the lender against a loss if a borrower defaults on a loan. It is usually required for loans in which the down payment is less than 20 percent of the sales price or, in a refinancing, when the amount financed is greater than 80 percent of the appraised value.
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