MenuMENU
SearchSEARCH

Scott Painter’s Fair Now Offers Insurance Coverage

Through a partnership with risk-management services provider Assurant, Fair's digital flexible ownership platform now allows consumers to add insurance coverage when they sign for a pre-owned vehicle through its mobile app.

by Staff
December 14, 2017
Scott Painter’s Fair Now Offers Insurance Coverage

 

2 min to read


SANTA MONICA — Through a partnership with risk-management service provider Assurant, Scott Painter’s Fair is now offering insurance coverage as part of the startup’s digital flexible ownership platform.

Assurant’s partnership with Fair, which offers an app that allows a customer to sign for a pre-owned vehicle, is the latest in a series of technology-based innovation in risk management from the company, which also underwriters warranties for millions of electronics users, renters, home-sharing clients and small-package shippers.

“This partnership will allow us to provide Fair customers with top-tier insurance coverage and the additional ability to turn it off when they turn in their car,” said Painter, Fair’s CEO and founder. “Along with our price guarantee and other powerful consumer features, the arrangement will help give our customers total peace of mind under Fair’s flexible new model.”

Fair customers can drive a vehicle selected through the app for as long as they want, with no long-term commitment or physical paperwork. Through the agreement with Assurant, users have the option to enroll in an Assurant-backed property and casualty insurance program through the app designed to protect users and their Fair vehicle for as long as they have the car. The plans offer industry-leading rates and can be instantly discontinued whenever a customer turns in a Fair car, according to officials.

When a customer adds the Assurant-backed Fair insurance at the end of the car-shopping process, the cost is included in their vehicle’s all-in monthly payment. That payment also includes maintenance, a limited warranty and roadside assistance.

According to officials, Fair is a licensed insurance agent and plans to expand participation in the program in partnership with Assurant, which is currently in the process to acquire The Warranty Group.

“This is another way to bring our risk-management expertise to an innovative mobility venture,” said Assurant executive Kunai Malhotra. “We help Fair provide a simple solution by streamlining the customer experience. If a user needs insurance, we have a unique product that works for them through the Fair app.”

More Auto Finance

A hand holding small burlap money bags next to a toy red car, symbolizing auto financing, loan payments, and dealership profitability.
Auto Financeby StaffNovember 14, 2025

Report Uncovers $4.7B Opportunity for Auto Dealers

Solving mismatched payment quotes can boost sales, profits

Read More →
Industryby Hannah MitchellNovember 10, 2025

Auto Loans More in Reach

October easier to tap despite approval rates falling

Read More →
Industryby Hannah MitchellNovember 3, 2025

Q3 Auto Loans Reveal Stress

Data reflect growing finance activity on the extreme ends of credit risk scale

Read More →
Ad Loading...
Industryby Hannah MitchellOctober 15, 2025

Debt-Strapped Auto Consumers on the Rise

The amounts owed on under-water trade-ins reach new highs.

Read More →
F&Iby Hannah MitchellOctober 10, 2025

Helping the Credit-Crunched

Though many auto consumers are finding it challenging to trade, dealers can leverage conditions to help them get over the hump.

Read More →
IndustryJuly 31, 2025

Auto Borrower Divide Deepens

Recent patterns show good credit helps navigate high interest rates as highly leveraged consumers sink further.

Read More →
Ad Loading...
Industryby Hannah MitchellJuly 10, 2025

Auto Credit Easier to Get

June upticks still came with risky exposures.

Read More →
Industryby StaffJune 12, 2025

Auto Loans a Little Easier to Get

Slight May improvement came with risks to borrowers, lenders.

Read More →
F&Iby StaffJune 5, 2025

Auto Loan Delinquencies Fell in Q1

Experian report shows other shifts, including banks clawing back market share.

Read More →
Ad Loading...
Auto Financeby StaffMay 13, 2025

Auto Credit Picture Muddled

Overall April conditions didn’t benefit the consumer, especially those presenting more risk.

Read More →