News

SouthwestRe Announces Extensive Updates to TruckGuard

Jul 25, 2017

Albuquerque, NM (July 25, 2017) – SouthwestRe announced today that it has made many new and significant updates to its TruckGuard Class 3-7 and Class 8 vehicle service contract program. In addition, the Company unveiled a new TruckGuard Dealer-Certified Limited Warranty program for Class 3-7 and Class 8 trucks. This is the first time SouthwestRe has offered a limited warranty program for these vehicles.

“We spent a lot of time researching the Industry and working with our dealer and agent partners to develop a product that provides the coverage, options, and additional benefits that today’s truck owners need,” said Jamie Jerabek, Vice President of Product Development and Underwriting for SouthwestRe. “I think the product that we’ve developed really meets those needs, and I’m eager to get it into the hands of dealers, because I really believe that they and their customers are going to love it.”

TruckGuard Class 3-7 and Class 8 vehicle service contracts now offer the following benefits and options:

  • The coverage levels have been updated, and include more components than ever before.
  • Emergency Roadside Assistance is now included with all coverage levels, and features a new Mobile Mechanic Service that provides roadside repairs.
  • A new Transportation Expense Reimbursement benefit allows contract holders to choose taxi services, public transportation, incorporated ridesharing services, as well as a traditional car rental while their truck is in the shop for a covered repair.
  • A wide variety of additional coverage options are now available:
    • Aftertreatment Package.
    • Auxiliary Power Unit (APU) Components.
    • Compression-Release Engine Brake Components.
    • Diesel Particulate Filter (DPF).
    • Essential Engine Components (included for all coverage level terms for up to 12 months, and may be purchased for higher coverage level terms).
    • Exhaust Gas Recirculation (EGR) Valve.
    • Dual-Loop Exhaust Gas Recirculation (EGR) System.
    • Refrigeration Unit (for Class 3-7 trucks only).
  • Both vocational and non-vocational trucks are now eligible for coverage. Previously, TruckGuard did not offer coverage for vocational trucks.

In addition, SouthwestRe is now offering a new TruckGuard Dealer-Certified Limited Warranty program for Class 3-7 and Class 8 trucks. Highlights of the program include:

  • Coverage is available for Class 3-7 and Class 8 vocational and non-vocational trucks.
  • Towing reimbursement coverage is included, up to $375 per repair visit.
  • The dealer that has their own repair facility now has a product that they can include with the sale of every eligible truck.

“I believe that the changes that we’ve made to our new TruckGuard product will make it one of the most sought-after programs in the Industry,” Jerabek said. 

If you are a dealer or an independent agent and would like more information about SouthwestRe’s TruckGuard programs, please call 866-414-3867, or email [email protected]

 

About SouthwestRe:

For over 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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