Allianz has announced a new five year contract to continue providing extended warranty cover to BMW, MINI, and BMW Motorrad customers in the UK and Republic of Ireland.

The contract renewal builds on a relationship spanning more than 37 years, a relationship that sees BMW customers and retailers at the heart of this product offering.

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. Warranties must also recognise changing vehicle technologies such as electric cars, as well as customer demands for simplified solutions that enable them to continue their lives with minimum interruption. Allianz Worldwide Partners has continually met our expectations and we are excited with future product and online developments that we are collaborating on.”

BMW Insured Warranty, MINI Insured Warranty and BMW Motorrad Insured Warranty includes covered items for wear and tear failure. Customers can choose between three different levels of cover, and can further tailor the cost by electing from one of three levels of excess. Additional flexibility is offered as customers can either purchase an annual warranty or spread the cost via a monthly direct debit through the ‘Pay As You Go’ scheme which allows customers to buy as many months’ worth of cover as they require or prefer.