Comprehensive Auto Resources Company, Inc. (CARco) was founded in 2004 as an Administrator of GAP coverage. CARco then evolved into a company that focused on the delivery and administration of innovative dealer and lender “financial services” products. These products enhance the dealer or lender’s ability to increase customer satisfaction and leverage sales, service, and revenue opportunities.

Our sister company, Caronia & Associates is a fully licensed property & casualty insurance agency with resident licenses in Florida and non-resident licenses in all states. Through these entities we market and administer a broad menu of products.

CARco has a network of agents throughout the country, as well as established alliances with entities whose core products or services are complimented by ours. This enables access to larger groupings of potential customers who already have established meaningful (and dependent) relationships with our business partners.

The fact that CARco has direct relationships with multiple insurers each catering to a specific niche enables us to do what our competitor is unable to do – providing coverage for multiple products under one umbrella. This is what separates CARco from the rest of the industry.

Most competitors specialize in offering one type of service. CARco represents multiple A-rated insurance carriers and can address all client needs. The following list outlines the capabilities of CARco:

• MGA – Managing General Agent for CARco Sub-Agents
• TPA – Third Party Administrator provides full claim service
• Insurance Agency – The ability to sell insurance (i.e. SPOT, GIP)
• Broker – Puts together deals between insurance companies and other providers
• Anonymous Claims Service – Issue toll free numbers and handle all incoming calls for clients who wish to retain their identity
• Anonymous Administrator – CARco would remain nameless and provide all Administrator services under the client’s name
• Insurance Facilitator – The client would be added to the insurance policy as an additional insured
• Provide Reinsurance – Clients would be provided reinsurance through our captive, or set them up with their own captive.
• Heavy Truck GAP – As one of the only providers of Heavy Truck (over 15,000 GVW) GAP, CARco leads the industry in writing this type of collateral.
• A Combination of Products and Services – we can combine any one of the above mentioned services with any of our products to accommodate our clients’ specific needs.