Black Horse, the motor finance arm of Lloyds
Banking Group, has launched a new minor vehicle repair cover
product called DriveSure across its dealer network.

In what it calls “a bid to help motor dealers
create more F&I revenue opportunities”, Black Horse is offering
DriveSure, following a trial in late 2011, on cars up to five years
old or with less than 80,000 miles on the clock as either an annual
policy or monthly premium.

Previous to DriveSure, Black Horse has offered
GAP insurance for the past 15 years and extended warranty insurance
for the past eight.

A spokesperson for Black Horse confirmed to
Motor Finance the company would consider offering more
insurance products “if there is a consumer need and a willing
distribution channel”.

Though other UK car finance providers also
offer insurance, the spokesperson said Black Horse are confident
their range of GAP, warranty and DriveSure “are the most
comprehensive available.

“We are making it easier for dealers to sell
quality products, with better cover levels than most.”

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richard.brown@vrlfinancialnews.com