Assurant Announces Comprehensive Heavy Truck Extended Service Contract
Assurant (NYSE: AIZ) has launched a new Heavy Truck Extended Service Contract for Class 8 trucks, offering comprehensive coverage options including roadside assistance and towing. The protection solution features flexible terms, broad eligibility for trucks up to 15 model years old and one million miles, and multiple deductible options. Key benefits include emergency travel expense reimbursement, servicing at any licensed repair facility, no component-based liability limits, and no labor rate caps. The service contract is part of Assurant's growing suite of products supporting heavy truck dealers, which includes Physical Damage Insurance, Non-Trucking Liability, and GAP Protection.
Assurant (NYSE: AIZ) ha lanciato un nuovo Contratto di Servizio Esteso per Camion Pesanti per camion di Classe 8, offrendo opzioni di copertura complete, tra cui assistenza stradale e rimorchio. La soluzione di protezione presenta termini flessibili, ampia idoneità per camion fino a 15 anni di modello e un milione di miglia, e diverse opzioni di franchigia. I principali vantaggi includono il rimborso delle spese di viaggio d'emergenza, assistenza in qualsiasi officina di riparazione autorizzata, nessun limite di responsabilità basato sui componenti e nessun tetto massimo sul costo del lavoro. Il contratto di servizio è parte della crescente suite di prodotti di Assurant a supporto dei concessionari di camion pesanti, che include Assicurazione per Danni Fisici, Responsabilità Non-Trucking e Protezione GAP.
Assurant (NYSE: AIZ) ha lanzado un nuevo Contrato de Servicio Ampliado para Camiones Pesados para camiones de Clase 8, que ofrece opciones de cobertura integrales, incluida asistencia en carretera y remolque. La solución de protección presenta términos flexibles, una amplia elegibilidad para camiones de hasta 15 años de modelo y un millón de millas, y varias opciones de deducible. Los beneficios clave incluyen reembolso de gastos de viaje de emergencia, servicio en cualquier instalación de reparación autorizada, sin límites de responsabilidad basados en componentes y sin límites en las tarifas de mano de obra. El contrato de servicio es parte del creciente conjunto de productos de Assurant que apoyan a los concesionarios de camiones pesados, que incluye Seguro por Daños Físicos, Responsabilidad No-Trucking y Protección GAP.
Assurant (NYSE: AIZ)는 클래스 8 트럭을 위한 새로운 중형 트럭 연장 서비스 계약을 출시했습니다. 이 계약은 도로 지원 및 견인 등 포괄적인 보장 옵션을 제공합니다. 보호 솔루션은 유연한 조건을 갖추고 있으며, 최대 15년 된 트럭과 백만 마일까지의 광범위한 자격을 가지며, 여러 가지 공제 옵션이 있습니다. 주요 혜택으로는 긴급 여행 경비 환급, 모든 면허가 있는 수리 시설에서의 서비스, 부품 기반 책임 한도 없음, 노동 요율 한도 없음이 포함됩니다. 이 서비스 계약은 Assurant의 중형 트럭 딜러 지원을 위한 제품군의 일환으로, 물리적 손해 보험, 비운전 책임 및 GAP 보호를 포함합니다.
Assurant (NYSE: AIZ) a lancé un nouveau Contrat de Service Élargi pour Camions Lourds pour les camions de Classe 8, offrant des options de couverture complètes, y compris l'assistance routière et le remorquage. Cette solution de protection propose des conditions flexibles, une large éligibilité pour les camions jusqu'à 15 ans de modèle et un million de miles, ainsi que plusieurs options de franchise. Parmi les principaux avantages figurent le remboursement des frais de voyage d'urgence, l'entretien dans n'importe quel atelier de réparation agréé, aucune limite de responsabilité basée sur les composants et aucune limite de taux horaire. Le contrat de service fait partie de la gamme croissante de produits d'Assurant soutenant les concessionnaires de camions lourds, qui comprend l'Assurance Dommages Physiques, la Responsabilité Non-Transport et la Protection GAP.
Assurant (NYSE: AIZ) hat einen neuen Vertrag über Erweiterte Dienstleistungen für Schwerlastfahrzeuge für Lkw der Klasse 8 eingeführt, der umfassende Deckungsmöglichkeiten einschließlich Pannenhilfe und Abschleppdienst bietet. Die Schutzlösung bietet flexible Bedingungen, eine breite Zulassung für Lkw bis zu 15 Modelljahren und eine Million Meilen sowie mehrere Selbstbehaltoptionen. Zu den wichtigsten Vorteilen gehören die Erstattung von Notfallreisekosten, die Wartung in jeder lizenzierten Reparatureinrichtung, keine komponentenbasierten Haftungsgrenzen und keine Obergrenzen für Stundensätze. Der Dienstleistungsvertrag ist Teil von Assurants wachsendem Produktportfolio zur Unterstützung von Großhandelsfahrzeughändlern, das auch Physische Schäden Versicherung, Nicht-Fahrverantwortung und GAP-Schutz umfasst.
- Introduction of new revenue stream through Heavy Truck Extended Service Contract
- Expansion of product portfolio in commercial equipment sector
- No limitations on liability or labor rate caps, potentially attracting more customers
- None.
Insights
The launch of Assurant's Heavy Truck Extended Service Contract represents a strategic expansion in the commercial equipment protection market. This product diversifies AIZ's revenue streams in the
The flexible terms and absence of component-based liability limits could drive higher premium revenue per contract while the no labor rate caps feature may increase claim costs. However, this should be offset by risk-based pricing and the company's extensive experience in commercial equipment protection. The addition to AIZ's existing heavy truck products suite creates cross-selling opportunities and deeper dealer relationships, potentially leading to increased market penetration and revenue growth in the commercial segment.
New protection solution for Class 8 trucks offers coverage against unexpected repairs and expenses, peace-of-mind for owner-operators and fleet companies
The Assurant Heavy Truck Extended Service Contract offers tailored solutions to meet the needs of today’s owner-operators and fleet companies, including:
- Flexible terms and mileage options
- Broad eligibility – up to 15 model years old and up to one million miles
- Multiple deductible options
- Industry-leading claims administration
“After an in-depth analysis of current heavy truck protection available in the market, we brought Assurant’s years of commercial equipment experience to bear in creating this flexible new product with industry-leading coverage,” said Dennis Alexander, vice president, Commercial Equipment, Assurant Global Automotive. “In designing this protection solution from the ground up, our goal was to offer the ‘best of the best’ in terms of coverage, benefits, eligibility, and claims administration.”
The Assurant Heavy Truck Extended Service Contract provides comprehensive benefits. Some highlights of the service contract include:
- Roadside assistance, towing, and emergency travel expense reimbursement
- Servicing available at any licensed repair facility
- No component-based limits of liability
- No labor rate caps
- Optional coverage for rental truck protection
- True exclusionary coverage
Part of a growing suite of products and training to support dealers of new and used heavy trucks, the Assurant Heavy Truck Extended Service Contract joins existing solutions, including Physical Damage Insurance (PDI); Non-Trucking Liability; GAP and GAP + Protection; and 30-Day PDI. Assurant also supports dealers’ sales optimization through the Heavy Truck F&I Professionals class, designed to help commercial truck sales professionals stay compliant and profitable in today’s competitive marketplace.
To help dealers educate and market this new suite of products, Assurant has created engaging, needs-based materials that educate and build value for dealer customers, including videos, print brochures, floor banners, and desk laminates.
About Assurant Global Automotive
Assurant Global Automotive is a leading global solutions provider in the automobile and commercial equipment industries. Automotive industry partners span manufacturers, large group and independent dealers, agents, third-party administrators, financial institutions, insurance providers, and vehicle technology companies. With over 60 years of automotive industry experience, Assurant protects 55 million motor vehicles, including heavy trucks and heavy equipment. In 19 countries Assurant provides innovative automotive solutions like vehicle service contracts, guaranteed asset protection, and ancillary products, while providing dealer performance management and training, participation options, and more. Assurant Global Automotive is also a market leader in protection products for the commercial equipment industry, with more than 35 years of equipment protection expertise. Assurant provides a full suite of protection products and services for equipment dealers and financial institutions supporting commercial equipment. These include extended service protection plans, physical damage protection, guaranteed asset protection, automatic insurance, portfolio protection, insurance tracking services and more.
About Assurant
Assurant, Inc. (NYSE: AIZ) is a leading global business services company that supports, protects, and connects major consumer purchases. A Fortune 500 company with a presence in 21 countries, Assurant supports the advancement of the connected world by partnering with the world’s leading brands to develop innovative solutions and to deliver an enhanced customer experience through mobile device solutions, extended service contracts, vehicle protection services, renters insurance, lender-placed insurance products, and other specialty products.
Learn more at assurant.com.
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Media:
David Biss
david.biss@assurant.com
Source: Assurant, Inc.
FAQ
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