Insurance Validation in Florida is About to Get More Complicated

As an auto dealer, you’re all too familiar with the hassle of gathering proof of insurance for your car buying customers. A process that typically involves your car sales professional picking up the phone and tracking down the customer’s insurance agent to verify coverage and update their auto policy with the new vehicle information. Not only is that process now a violation of the Safeguard Act as of June 9th, 2023 - but it will become even more arduous for Florida dealers over the coming months as Farmers Insurance has just announced its plan to cut auto, home and umbrella coverage for as many as 100,000 customers in the state. According to a Fox Business News article, those affected by the mass cancellation will receive a 90-day notice before their policies are terminated. 

How will this massive cancellation of coverage impact auto dealers? Gather believes there will be an influx of car buying customers who think they have coverage with Farmers Insurance when in reality they have been terminated - making it even more important for auto dealers to verify coverage with accuracy. If something were to happen to the vehicle sold within the 3-8 days it often takes for a dealer to receive funding on the vehicle, you will be liable for the damages. 

Gather makes insurance administration easy by taking the auto dealer out of the process entirely. Our simple technology instantly verifies coverage for every car buyer, updates their policy with the new vehicle information, and delivers the Gather Guarantee™ - ensuring every vehicle that goes through the Gather process is 100% protected from loss. Furthermore, if the customer doesn’t have coverage, Gather can help them get it through our agency referral network. 

In the face of this impending storm of insurance complications, auto dealers in Florida must adapt to protect themselves. Gather provides a seamless solution that takes dealers out of the insurance game entirely - all while providing a better, faster experience for the customer.