As part of IWS’ effort as the premier provider to credit unions, IWS works constantly to deliver new ways to make protecting the mechanical well-being of your members’ vehicles more robust and convenient. Part of that effort is to examine our coverage and eligibility guidelines to ensure that we are doing what we can to offer as many different types of coverage options to your members as possible. Recently, we found that a good number of members are borrowing for vehicles that are older and/or have higher than 100,000 miles on the odometer. In order to help you better serve those members, IWS has made significant enhancements to its product set that will allow your credit union to address some of those needs. I am excited to announce our new eligibility guidelines. Please see below for a description of our coverage which now goes up to 12 model years back, and to 150,000 miles.
These new guidelines will go into effect and coverage will be available on February 1, 2016. Please contact your IWS Representative if you have questions or concerns. The entire IWS team very much appreciates our relationship with you and we look forward to a great year of expanded member protection options.