New protection solution for Class 8 trucks offers coverage against unexpected repairs and expenses, peace-of-mind for owner-operators and fleet companies

ATLANTA--(BUSINESS WIRE)--Oct. 30, 2024-- Assurant, Inc. (NYSE: AIZ), a leading global business services company that supports, protects, and connects major consumer purchases like automobiles, as well as commercial equipment (including heavy trucks and construction, agriculture equipment, forestry and office equipment), today introduced the Assurant Heavy Truck Extended Service Contract. This new protection solution for Class 8 trucks offers a comprehensive suite of coverage options, including roadside assistance and towing, allowing dealers of new and used heavy trucks to offer their customers protection that can reduce total ownership costs, minimize downtime, and get them back on the road quickly.

The Assurant Heavy Truck Extended Service Contractoffers 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 Professionalsclass, 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.