News

SouthwestRe Introduces Powertrain Wrap Vehicle Protection

Mar 08, 2016

Albuquerque, NM (March 8, 2016) – 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.

“Powertrain Wrap works hand-in-hand with our Lifetime Powertrain Limited Warranty program,” said Jamie Jerabek, Vice President of Underwriting and Product Development for SouthwestRe. “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. 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 also provides contract holders with a number of valuable benefits, including:

  • Emergency Roadside Assistance up to $80 per occurrence
  • Rental Car Reimbursement, up to $30 per day for up to 5 days, with optional upgrade
  • Towing Coverage up to $80 per occurrence

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.

“Powertrain Wrap is a direct result of the valuable feedback we have received from our agent partners,” Jerabek said. “This is just the latest example of how SouthwestRe responds to meet the needs of agents, dealers, and vehicle owners.”

For More Information:

If you are a vehicle owner and would like learn more about First Automotive products, or are interested in purchasing a vehicle service contract, please click here. If you are an agent and would like to learn about offering Powertrain Wrap in your dealerships, please complete our “Contact Us” form, or call our Client Services department at 866-414-3867.

About SouthwestRe:

For 30 years, SouthwestRe has been one of the nation’s leading Third Party Administrators and providers of profitable reinsurance programs. Through independent agents, we offer an exclusive line of Finance & Insurance (F&I) products to franchise and independent dealers throughout the country, who in turn offer them to their customers. We are perhaps best known to the general public for service contracts sold under the First Automotive, PowerRev, ProTrek and TruckGuard names, which offer coverage for cars and trucks, powersports vehicles and motorcycles, RVs, and Class 3-8 trucks.

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