24-03-2025
Great American teams up with TRNSACT to support equipment sales
Great American's Specialty Equipment Division has partnered with TRNSACT, a sales finance platform, to integrate its physical damage insurance programme.
The programme, now available through TRNSACT, enables the provision of 'real-time' insurance quotes within the equipment sales process.
It aims to streamline the experience for dealers and their customers, allowing visibility for coverage options and costs.
The integration combines Great American's insurance expertise with TRNSACT's technology, offering a solution for dealers to assist customers in meeting insurance requirements.
The real-time insurance quoting feature is now embedded directly into the TRNSACT platform.
TRNSACT CEO and co-founder Beckham Thomas stated: 'Now, by embedding Great American's technology into our software, we can provide insurance quotes in real time, further delivering efficiency to the dealer experience. Our solution enhances the dealership experience by streamlining the sales process, enabling dealer management to implement best practices that could boost profitability and reduce workloads for dealership staff."
Great American Specialty Equipment senior business development specialist Bryan Inman said: 'Insurance plays a critical role in equipment transactions. Collaborating with TRNSACT ensures dealers can focus on closing deals while providing their customers with quick and easy access to coverage from an AM Best 'A+' (Superior) rated carrier.'
In January this year, Great American's property & inland marine division launched Equipment Pro, a contractor's equipment insurance product designed for industry professionals.
The coverage safeguards against perils such as fire, water damage, earth movement, wind and theft.
"Great American teams up with TRNSACT to support equipment sales " was originally created and published by Life Insurance International, a GlobalData owned brand.
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