The NADA endorsed ID Theft Insurance Program for Auto Dealers!

Click Here to Get an ID Theft Quote or call 888-302-4342 to speak with an agent.

ID Theft is America's Fastest Growing Crime surpassing Drug Trafficking; 15 million people were a victim of identity theft in 2006 with the average time spent recovering from the crime ranging from 300 to 600 hours. Most victims liken the emotional impact to violent crime. Auto Dealers are considered “lending institutions” and are now required by federal rule to be Red Flag compliant and must have an Identity Theft Prevention (ITP) program. Failure to do such will lead to violations of the Fair Credit Reporting Act, the Federal Trade Commission Act and a possible violation of state unfair and deceptive practices act. Penalties and fines can be in the tens of thousands of dollars.

WHY NADA ID THEFT INSURANCE?

ID Theft Insurance will not pay for the above fines or help you become Red Flag Compliant; the policy offers coverage to the dealer when its data is compromised resulting in identity theft. Whether the identity theft is the result of negligence by a dealer/owner or employee, the policy offers coverage* to the business for the following:

• Legal liability damages
• Defense costs
• Regulatory action expense
• Notification costs
• Crisis expenses
• Identity theft recovery services for victims such as education, assistance and credit monitoring

Even if you are Red Flag compliant, customers can take civil action if their personal information is compromised from your dealership. Just imagine if you are not Red Flag compliant at the time of the loss, you’re in trouble. Civil Liability, Notification Costs and Monitoring expenses can add up to hundreds of thousands of dollars affecting the very balance sheet that you have worked so hard to maintain; most importantly if your customers identities are stolen due to your dealers negligence do you think they’re going to buy another car from you? Not Likely. What if in the face of such a disaster our Crisis Management Response team acted immediately and this – along with practical assistance for the victims – could save a reputation that you took years, maybe generations to build.

By providing services for identity theft victims, a business demonstrates its commitment to the needs of consumers. This demonstration of good faith has proved to be a valuable asset in retaining customers, maintaining employee satisfaction and preventing costly actions.

WHY Edward E. Hall & Company?

The NADA Identity Theft Program selected Edward E. Hall & Company because of its over 140 year reputation for quality insurance services in the Property & Casualty business. Much like our current dealer membership EE Hall is a third generation business that knows the value of customer relations. EE Hall has created innovated Auto Dealer programs since 1998.

To learn more about the NADA endorsed - ID Theft Program through EE Hall, including a ballpark quotation, click here.

To access the NADA web site click here.

PLEASE NOTE: A completed & signed full application will need to be submitted with purchase of coverage.

* Policy pays for damages and expenses incurred in the United States and Canada.

The description herein is a summary only. It does not include all terms, conditions and conditions of the policies described.
Please refer to the actual policies for complete details of coverage and exclusions. Coverage may not be available in all
jurisdictions. Issuance of coverage is subject to underwriting.