Assurant is today announcing the launch of a new warranty programme in the UK for electric and hybrid vehicles. The product, called EV One, is Assurant’s most comprehensive automotive warranty cover to date, providing full wear and tear cover for the duration of vehicle and policy ownership.
Assurant’s new warranty is available for any electric or hybrid vehicle under eight years of age or under 80,000 miles at the time of purchase. The product gives owners more choice than other programmes that are currently available, as they can honour them either at the dealer where they bought their used vehicle, or at the OEM, depending on their preference.
Rich Green, president, UK & Automotive Europe, at Assurant, said: “Demand for hybrid and electric cars continues to grow in the UK, with over 170,000 EVs registered last year* in what is now Europe’s second biggest automotive market. With better battery life, government incentives, and improved access to charging points, they are only set to become more prevalent. At the same time, drivers are looking for maximum flexibility and simplicity if something goes wrong and they need to get back on the road quickly.
“That’s why we have created this new product that gives drivers the range of options that they want. For dealers across the UK, there is the opportunity to offer this cover as a stand- alone or top-up product and there is a selection of cover duration to choose from. These choices are designed to meet customers’ individual needs while supporting the creation of a long-lasting relationship between dealer and customer.”
Dealerships interested in offering their customers this comprehensive product for their EV and hybrid stock can do so under their own name as a white labelled solution.
Assurant works with nine of the top 10 global automotive OEM brands** and protects 49 million vehicles worldwide.
*Source: https://www.smmt.co.uk/vehicle-data/evs-and-afvs-registrations/
** Source: 2018 Best Global Brands by Interbrand