Principal Auto Care Now Offers HEV Battery Coverage
February 1, 2020 – Principal Warranty Corp., a nationwide full-service automotive finance and insurance (F&I) administrator, now offers high voltage battery coverage for Hybrid Electric Vehicles (HEV) in their core Principal Auto Care vehicle service contract protection plans.
Principal Auto Care HEV plans provide customers with one of the most comprehensive protection policies available in the industry. Along with the added high voltage battery coverage, the HEV package covers the following components specific to the hybrid electric vehicles; electric motor, power controller, hybrid transaxle, electronic transmission, inverter, generator(s) and electronic display monitor.
PWC’s product development team works continuously with agents and dealer partners to provide innovative products customers need and want in order to protect their vehicle investment. “Our team worked diligently with our A+ rated insurance company to bring this peace of mind coverage to the growing segment of hybrid and electric vehicle owners”, expressed Travis Coulter, President of Principal Warranty Corp. “Providing battery protection helps overcome hesitations some buyers have with hybrid or electric vehicle purchases and protection plans. Service drive retention opportunities will be increasingly important for this market”.