At MADSIF, we know we’re working for our own. That’s why a vital part of our mission has always been to use our strong financial foundation and insider’s view of the business to lower insurance costs for all of our members.
We’ve got a dealer’s perspective of the business. That means that we’ve got the knowledge and tools to aggressively manage risk and administrative costs. By putting the focus squarely on helping our members reduce their costs, during the past 10 years, we’ve reduced member rates by about 22 percent and paid more than $162 million to members in dividends since our inception.
Financial highlights include:
- MADSIF currently insures approximately half of all Michigan auto dealers, covering more than 15,000 employees.
- MADSIF maintains a strong balance sheet with a statutory capital and surplus to reserves ratio 21 times higher than that required.
Together with our effective claims administration, low overhead costs, and loss control services, we make sure that auto dealers don’t just receive a coverage plan, but a loss prevention partner.
Is your coverage working that hard for you? Contact us now for a quote.