Assurant, a global business services company that supports, protects, and connects major consumer purchases like automobiles, has enhanced its protection offering for electric vehicles (EVs).
Assurant Global Automotive aims to help drivers protect their vehicles and avoid costly repair.
With over 50 years of industry experience, Assurant is trusted by and works with nine of the top ten global automotive manufacturers serving over 50 million consumers in 17 countries.
The company has enhanced its protection product created specifically for US owners of Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs), Assurant EV One Protection.
Assurant EV One Protection is available for any BEV or PHEV (Self-Charging Hybrids excluded from coverage) less than eight years old and have fewer than 80,000 miles at the time of purchase. Its extensive mechanical repair and replacement coverage ranges from motor and operational components to sophisticated electronics.
Notably, the product’s coverage of vehicle infotainment systems, without monetary restrictions on replacements, can potentially save consumers thousands of dollars. Assurant added that its EV One Protection provides added value by replacing wear and tear items not traditionally covered by the factory warranty.
According to Assurant, it improved the product in order to meet the growing needs of owners of EVs.
The expanded benefits include more battery health transparency, more protection and more value, making it the most consumer-friendly product in the market. Rigorous transparency around battery health and repair/replacement helps give EV owners even more peace of mind about the protection they are purchasing.
Martin Jenns, EVP & president, Assurant Global Automotive, said, “This type of transparency around product coverage is a huge leap forward and gives more power to the consumer. As the leading provider of vehicle service contracts, our clients expect us to drive innovation to ensure they are positioned for success in the coming EV adoption wave.”
Insurance marketplace Polly, formerly known as DealerPolicy, recently partnered with Assurant.
Copyright © 2022 FinTech Global