SouthwestRe Introduces Powertrain Wrap Program
March 08, 2016
ALBUQUERQUE — SouthwestRe announced today the release of First Automotive Powertrain Wrap, a new vehicle service contract meant to be sold in conjunction with its First Automotive Lifetime Powertrain Limited Warranty program.
Powertrain Wrap “wraps around” Lifetime Powertrain Limited Warranty to provide dramatically increased coverage for the consumer. It also offers up to $80 of emergency roadside assistance per occurrence, up to $30 per day for up to five days of rental car reimbursement, and up to $80 of towing coverage per occurrence.
“While Lifetime Powertrain Limited Warranty covers a vehicle’s powertrain components, Powertrain Wrap covers all of the mechanical and electrical parts of the customer’s vehicle during the term of their Powertrain Wrap contract,” said Jamie Jerabek, vice president of underwriting and product development for SouthwestRe. “Although there are certain necessary exceptions, the combination of protection offered by these two programs covers the vast majority of the customer’s vehicle. It’s a definite win-win for vehicle owners.”
First Automotive Powertrain Wrap is available for both new and used vehicles, and can be sold by franchise and independent dealerships with licensed repair facilities.
Dealers interested in offering Powertrain Wrap can click here.