Aviva, the world's 5th largest insurance group, is launching "Mechanical breakdown and resale extensions", a cover which enables those insured with Aviva to sell their vehicles with full mechanical breakdown cover (parts and labour) for six months to reassure potential buyers.
Aviva, the world's 5th largest insurance group, is launching "Mechanical breakdown and resale extensions", a cover which enables those insured with Aviva to sell their vehicles with full mechanical breakdown cover (parts and labour) for six months to reassure potential buyers. This provides an additional selling point for the insured and peace of mind for the buyer to help clinch the deal.
Extended coverage and preferential rates for resellers
This product, aimed at insureds who want their change of vehicle to go smoothly, is in line with the Good Advice policy adopted by Aviva's network of general agents. Through the "Mechanical breakdown and resale extensions" package, Aviva can assist the insured before, during and after the change of vehicle.
The "Mechanical breakdown and resale extensions" cover (or package) is designed for individuals1 with a vehicle which has been on the road for less than five years.
It consists of two complementary modules:
- "Mechanical breakdown" cover before the resale of the vehicle
Aviva bears the cost of labour for repairs following a breakdown with a mechanical, electrical or electronic cause carried out on a vehicle which has been on the road for less than 10 years. - Extensions2 in case of the resale of the vehicle
- For insureds reselling their vehicles, Aviva offers:
- A preferential loan rate of 0.5% below the standard rate offered by Aviva
- A 10% discount on the insurance premium for the new vehicle
- Cover against forged cheques. If the buyer has given the person insured with Aviva a forged cheque, the loss suffered is covered up to €20,000.
- Legal protection in the event of a dispute relating to the sale and purchase of the vehicle
- For the buyer of the vehicle
- The resold vehicle is fully covered against mechanical breakdown (parts and labour) for six months following the sale, if it is less than eight years' old at the time of resale.
- For insureds reselling their vehicles, Aviva offers:
The buyer of the vehicle will have to visit an Aviva branch to activate the cover.
-ends-
1 Details of conditions available in branch
2 A waiting period of three months applies to extensions in case of the resale of the vehicle
Press contacts:
Aviva Assurances
Fanny Garel
Telephone: 01 76 62 79 67
E-mail: fanny_garel@aviva.fr
HDL Communication
Alexandra Richert
Telephone: 01 58 65 00 76
E-mail: arichert@hdicom.com
Notes to editors:
About Aviva
Aviva is Europe's leading provider of life insurance and pensions with strong positions in other markets around the world. In terms of gross premiums, Aviva was the world's fifth-largest insurance group as at 31 December 2005. Aviva operates in three main areas: life insurance and long-term savings, asset management and non-life insurance. At 31 December 2006, Aviva had a turnover of €61.9 billion and assets under management of €543 billion.
With more than 150 years' experience, Aviva is one of the top 10 players in the French insurance market. Aviva is supported by a substantial sales network: 875 general agents, 1,800 branch staff, 400 life insurance advisers, more than 1,000 brokers, and its partners (Union Financière de France and Médéric). Aviva France also has major partners such as AFER, the largest savings association in France, and Crédit du Nord. Aviva has more than 3,200 employees. Specialising in unit-linked products, Aviva is well-known for the performance of its long-term funds and its strong commitment to its customers through its Good advice approach. At 31 December 2006, Aviva France recorded consolidated sales of €6.4 billion and a consolidated operating profit of €689 million (based on the embedded value calculated in line with the EEV/IFRS standards) and had assets worth €72.9 billion under management