BMW Group has extended its insured warranty contract with Allianz Worldwide Partners UK.
The new five-year deal provides cover to BMW, MINI, and BMW Motorrad customers in the UK and Republic of Ireland. It builds on a relationship spanning more than 37 years.
Commenting on the deal, Steve Cann, general manager of insurance solutions at BMW Group Financial Services, said: “The exacting and high expectations our customers have means that our insured warranty product must deliver both value for money and unparalleled levels of protection.
“Warranties must also recognise changing vehicle technologies such as electric cars, as well as customer demands for simplified solutions that enable them to continue their lives with minimum interruption. Allianz Worldwide Partners has continually met our expectations and we are excited with future product and online developments that we are collaborating on.”
BMW Insured Warranty, MINI Insured Warranty and BMW Motorrad Insured Warranty help eliminate unexpected repair costs for mechanical or electrical faults and includes covered items for wear and tear failure. Customers can choose between three levels of cover, and can further tailor the cost by electing from one of three levels of excess. Customers can spread the cost via a monthly direct debit through the which allows customers to buy as many months’ worth of cover as they require.
Liz Grindell, head of warranty at Allianz Global Assistance in the UK, added: “Our focus on product development and innovative digital marketing, combined with exemplary customer and BMW retailer network service delivery, remains at the core of our service. We’re excited at the prospect of further collaboration with BMW Financial Services to continue this ethos over the coming years.”