Jaguar Land Rover Canada and LGM Financial Services have teamed up to launch two new finance and insurance (F&I) products suites, with phase one set to deploy April 1, 2019, according to LGM.
The products will operate and launch under the Jaguar Protection Program and Land Rover Protection Program. Phase one of the new product suites will see two products launched: the Vehicle Protection Plan, for various mechanical breakdowns and pricey repairs; and the Lease Excess Wear Protection, for coverage at lease end regarding certain wear and tear damage.
“Both LGM and Jaguar Land Rover recognize that consumer needs are continually evolving, and we are confident that this program will maximize the ownership experience by allowing customers to select the level of protection that fits their lifestyle,” said Jeff Fallowfield, LGM’s president of corporate development.
Jaguar Land Rover Canada also said they are continuing their strategy to lay the foundation for long-term growth. “These great products will provide more choices for our customers, enabling them to have more experiences that they will love for life,” said Rob Whisson, Director, Customer Service Canada.
Phase two of the product deployment is expected to launch this year and offer a range of coverage options.
LGM will offer support for the programs through product development, sales tools, retailer support, claims processing and field support.
