Assurant Expands Availability, Coverage of Assurant EV One Protection℠ Vehicle Service Contract as EV Ownership Grows in U.S.

NEW YORK--(BUSINESS WIRE)--Nov 7, 2022--

Assurant, Inc. (NYSE: AIZ), a leading global business services company that supports, protects, and connects major consumer purchases like automobiles, today announced enhancements to Assurant EV One Protection℠, the company’s protection product created specifically for U.S. owners of Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). To meet the growing needs of EV owners, 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.

“This type of transparency around product coverage is a huge leap forward and gives more power to the consumer,” said Martin Jenns, EVP & President, Assurant Global Automotive. “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.”

Assurant EV One Protection℠ is Assurant’s most comprehensive electric vehicle service contract product to date and 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 EV One Protection℠ provides added value by replacing wear and tear items not traditionally covered by the factory warranty.