Assurant, Inc., a global business services company that supports, protects and connects major consumer purchases like automobiles, as well as commercial equipment, is partnering with CNH Industrial Capital America LLC and CNH Industrial Capital Canada Ltd., the captive finance companies of CNH Industrial N.V. Through this partnership, CNH Industrial dealers in the U.S will be able to offer multiple equipment protection and insurance products to their customers, including, but not limited to:
- Purchased Protection Plan (PPP) protects covered equipment beyond the manufacturer’s base warranty period.
- Physical Damage Insurance (PDI) provides coverage to repair or replace equipment in the event of direct physical loss or damage.
- Rental Damage Waiver (RDW) provides an easy way to help protect against costly bills for major repairs or replacement of rented equipment.
In Canada, CNH Industrial dealers will offer an expanded PPP program.
“Listening to our dealer network, we understood that we needed to improve the overall customer experience, our product offering and our alignment with base warranty,” said Douglas MacLeod, president, CNH Industrial Capital. “Our partnership with Assurant, alongside a new service model, combines the expertise and support of an established, best-in-class equipment protection and insurance product provider with our deep experience in catering to the needs of agricultural and construction equipment buyers.
“We look forward to providing industry-leading protection products for the iconic CNH Industrial brands of Case IH, CASE, New Holland Agriculture and New Holland Construction,” said Kunal Malhotra, SVP, Assurant Global Automotive Commercial Equipment. “With our acquisition of EPG Insurance in 2020, we expanded our capabilities and expertise with a focus on providing best-in-class protection solutions that meet the evolving needs of the commercial equipment business.”
Source : Farm Equipment