This partnership delivers best-in-class
protection products through Assurant’s growing commercial equipment
business.
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, is
partnering with CNH Industrial Capital America LLC and CNH
Industrial Capital Canada Ltd. (“CNH Industrial Capital”), the
captive finance companies of CNH Industrial N.V. (NYSE: CNHI / MI:
CNHI). CNH Industrial is a global leader in agricultural and
construction equipment and services produced through their family
of brands: Case IH, CASE, New Holland Agriculture and New Holland
Construction. 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.”
With more than 30 years of equipment protection expertise,
Assurant Commercial Equipment is a market leader in protection
products for the commercial equipment industry, providing a full
suite of protection products and services, including extended
service protection plans, physical damage protection, portfolio
protection, insurance tracking services and more, through
point-of-sale solutions for equipment dealers and financed
equipment protection for financial institutions.
About Assurant Global Automotive
Assurant, Inc. (NYSE: AIZ) is a leading global solutions
provider in the automobile industry for manufacturers, large group
and independent dealers, agents, third-party administrators,
financial institutions, insurance providers, and vehicle technology
companies. Assurant Global Automotive helps drivers protect their
vehicles and avoid costly repairs. With over 50 years of industry
experience, Assurant is trusted by and works with nine of the top
ten global automotive manufacturers serving over 50 million
consumers in 17 countries. Providing innovative solutions like
vehicle service contracts, performance management and training,
participation options, ancillary products, guaranteed asset
protection, and more, Assurant Global Automotive helps clients grow
and thrive.
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 or on Twitter @Assurant.
About CNH Industrial
CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class
equipment and services company. Driven by its purpose of Breaking
New Ground, which centers on Innovation, Sustainability and
Productivity, the Company provides the strategic direction, R&D
capabilities, and investments that enable the success of its global
and regional Brands. Globally, Case IH and New Holland Agriculture
supply 360° agriculture applications from machines to implements
and the digital technologies that enhance them; CASE and New
Holland Construction Equipment deliver a full lineup of
construction products that make the industry more productive. The
Company’s regionally focused Brands include: STEYR, for
agricultural tractors; Raven, a leader in digital agriculture,
precision technology and the development of autonomous systems;
Flexi-Coil, specializing in tillage and seeding systems; Miller,
manufacturing application equipment; Kongskilde, providing tillage,
seeding and hay & forage implements; and Eurocomach, producing
a wide range of mini and midi excavators for the construction
sector, including electric solutions.
Across a history spanning over two centuries, CNH Industrial has
always been a pioneer in its sectors and continues to passionately
innovate and drive customer efficiency and success. As a truly
global company, CNH Industrial’s 37,000+ employees form part of a
diverse and inclusive workplace, focused on empowering customers to
grow, and build, a better world.
For more information and the latest financial and sustainability
reports visit: cnhindustrial.com
For news from CNH Industrial and its Brands visit:
media.cnhindustrial.com
About CNH Industrial Capital
CNH Industrial Capital is the captive financial provider for the
CNH Industrial family of brands. For over 60 years, CNH Industrial
Capital has been committed to offering a range of financing,
leases, rental programs, and protection/insurance products to the
dealers and customers Case IH, CASE Construction Equipment, New
Holland Agriculture and New Holland Construction globally.
Our customers’ livelihood depends on us delivering flexible and
easy-to-use financial products and services to continue feeding and
building for tomorrow. Every step of the way, we’re here to help
expand customers’ options and simplify processes so they can focus
on what matters most.
Learn more at cnhindustrialcapital.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230420005147/en/
Media: David Biss (973) 953-0721
david.biss@assurant.com
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