Warranty First has redesigned its repair plan portfolio with dedicated products for petrol, diesel, hybrid and electric vehicles, in addition to motorbikes, motorhomes and campervans.
The brand new range moves away from adapting broadly similar products for various vehicles. As an alternative, each plan has been structured across the vehicle’s fuel type, use and certain repair exposure.
Its five product families are:
- Journey for petrol and diesel cars and LCVs
- Drive for hybrid vehicles
- Charge for fully electric vehicles
- Ride for motorbikes
- Tour for motorhomes and campervans
Journey offers three tiers, with eligibility determined by vehicle age and mileage. Journey Core provides mechanical protection for vehicles of any age or mileage, including older and higher-mileage stock.
The usual Journey plan adds protection covering components including air-con, ABS, ECUs, turbochargers, fuel and ignition systems, alongside prolonged wear and tear.
Journey+ is obtainable for vehicles aged as much as 10 years or with as much as 100,000 miles. Warranty First said it will consider manufacturer-fitted components unless they’re specifically excluded.
Dedicated hybrid and EV repair plans
Drive and Drive+ have been designed for full, plug-in and mild hybrid vehicles. Drive covers elements of the hybrid drivetrain, including regenerative braking and the hybrid transmission.
Drive+ adds protection for the high-voltage battery and electric drive motor, no matter whether the manufacturer’s battery warranty stays in force.
For battery electric vehicles, Charge covers components including drive motors, charging equipment, power delivery and electrical systems, while the high-voltage battery stays subject to its manufacturer warranty.
Charge+ extends the plan to cover the high-voltage battery, traction motor and power delivery systems on qualifying vehicles aged as much as 10 years or with as much as 100,000 miles.
Leo Nelson, director and chief marketing officer at Warranty First, said: “The used vehicle parc has modified significantly but much of the warranty and repair plan market remains to be based on products that were created for a really different profile of stock.
“Different vehicles present different risks. A battery electric vehicle mustn’t simply be treated as a petroleum or diesel automotive with a further component list. The identical applies to hybrids, business vehicles, motorbikes and leisure vehicles.”
The Ride range provides engine and gearbox protection for motorbikes of any age or mileage, with Ride+ offering wider protection for qualifying newer machines.
Tour covers the bottom vehicle and habitation systems of motorhomes and campervans. Warranty First plans to introduce Tour+, offering more extensive habitation protection, throughout the portfolio’s next phase.
The corporate said the structure would make selection easier for dealership teams, with fuel type determining the product family and age and mileage establishing the suitable tier.
Nelson added: “By making the portfolio clearer and more relevant to different vehicles, we may also help retailers protect margin, manage early repair risk and construct a stronger F&I line.”
Warranty First, founded by motor retailers in 2012, works with greater than 1,000 UK dealer partners.
This Article First Appeared At www.am-online.com
