Designed to Meet the Needs of the EV Buyer
We assembled a team of experts who conducted detailed research across the industry and analyzed internal claims data to develop a service contract focused exclusively on battery-powered electric vehicles.
Electric vehicles are distinctly different from gas-powered and hybrid vehicles. However, most other EV service contracts offer coverage for parts that are not even in the vehicle!
Levels of Coverage
Stated-component coverage for crucial components with value in mind
The most comprehensive stated-component coverage
Comprehensive exclusionary coverage
Elite protect coverage that includes the propulsion battery
Frequently Asked Questions
Why did CNAN create this product?
With the year-over-year increase in adoption rates and consumer interest for electric vehicles, our electric vehicle service contract offers a new service contract that is custom built to address EV-specific components. This product provides a service contract option unlike any other in the marketplace and will offer consumers peace of mind with their electric vehicle purchase.
What is different about this new product?
We developed our electric vehicle service contract exclusively for battery-powered electric vehicles and created tiers of coverage specific to components found in these vehicles. We assembled a team of experts to conduct detailed research across the industry and analyzed internal claims data to better understand EV component failures, manufacturing procedures and consumer concerns. Our expertise was then used to develop a service contract with protection specific to battery electric vehicles and their components.
Is a new dealer agreement or sign-up needed?
No, all dealers currently signed up for Z2 will automatically have access to the EV service contract at the time of launch. Any adjustments to the EV service contract dealer set up will require a rate request submission.
What will the coverage be for the propulsion battery?
The Elite Protect with Battery tier offers our highest level of protection; the electric vehicle's propulsion battery will be repaired or replaced when it retains less than the original equipment manufacturer's capacity allowance.
Will the EV service contract be eligible for reinsurance options?
The EV service contract will be eligible for all reinsurance options. All dealers signed up for Z2 reinsurance will automatically be signed up for reinsurance with EV service contract.