BMW Group has signed a five-year contract with Allianz Worldwide Partners for it to provide extended warranty cover for its customers in the UK and Ireland.
BMW and Allianz have had a relationship for longer than 37 years, and the new deal will continue to make extended warranty cover from the insurer available for BMW, MINI, and BMW Motorrad customers.
Steve Cann, general manager, insurance solutions at BMW Group Financial Services, said: “The exacting and high expectations our customers have of all BMW Group products means that our insured warranty product must deliver both value for money and unparalleled levels of protection.
“Allianz Worldwide Partners has continually met our expectations and we are excited with future product and online developments that we are collaborating on.”
The insured warranty products include coverage for wear and tear failure and are offered in three levels of cover. Customers are able to purchase an annual warranty or pay via monthly direct debit on a ‘pay as you go’ system.
Liz Grindell, head of warranty at Allianz Global Assistance in the UK said: “Our focus on product development and innovative digital marketing, combined with exemplary customer and BMW Retailer network service delivery, remains at the core of our service.
“We’re excited at the prospect of further collaboration with BMW Financial Services to continue this ethos over the coming years.”