Portfolio Protection Review: Asset & Theft Protection
Portfolio Protection offers extended warranties to more than just cars, and it provides service contracts to RVs, motorcycles, and power sport vehicles. Portfolio Protection will pay repair costs for covered components, and it also offers asset protection plans, maintenance programs, and theft deterrent products.
Portfolio Protection has been in the extended warranty business for 27 years, and they are accredited by the Better Business Bureau with an A+ rating. Portfolio Protection, however, only works through dealerships, as they see dealers as their partners and not just providers.
Portfolio offers a dealer portal on their website to allow dealerships to easily manage their Portfolio Protection products on behalf of customers and dealership operations. Some of its functions include:
- Claims procedures and processing
- Remit contracts online
- Net remitting of claims, cancellations, and new contracts
- Research contract status (i.e., expired, canceled, etc.)
- Get a cancel quote
- Submit a cancellation request online
- Carefree Maintenance program administration
Portfolio Protection has paid over 520 million dollars to cover customers' claims with their protection products.
Portfolio Protection offers the following vehicle service contracts; many of these plans have overlapping coverages, so you will need to talk to your dealership to identify the key differences to find the one that suits you most.
Portfolio One policy offers several coverage plans, such as Powertrain; the basic vehicle protection, Stated; which provides more coverage than the basic Powertrain. In addition, the Exclusionary and Exclusionary Wrap let you go beyond your basic coverage with comprehensive component inclusion. The last one is the Supplemental Coverage, which lets you choose coverage depending on your vehicle use.
Similar to Portfolio One, the Horizon plan has two versions: premium vehicles and used vehicles. These plans also include different coverage types that range from Powertrain to Exclusionary and high-tech.
The Quantum plan is specific for covering electrical components, including audio systems, screens, and navigation systems.
Encore plans range from supplemental coverage to stated component coverage.
Provides coverage for costly powertrain components.
The CPO plan enhances your manufacturer's warranty or replaces it.
Coverage details are unclear, but this plan should cover components for four years after the manufacturers' warranty expires.
Portfolio provides several asset protection products for its customers, which include:
- Spectrum Lease Protection
- Appearance Protection
- Road Hazard Tire Protection
- Tire & Wheel
- Dent Care
- Auto GAP
- Complete Care
- Key Replacement
- Glass Defense
- Express 5
Vehicle Theft Replacement
Portfolio will reimburse you with up to $25,000 for a new car if your vehicle was stolen.
Theft Deterrent Product
Portfolio Protection also offers theft deterrent products such as Express Code Marking System, which uses ultra-violet fingerprint identification to unlock your vehicle.
Permanently engraves your vehicle windows with a registered number, highlighted by window decal warning; benefits include fast identification by law enforcement and avoidance from being bought by a chop shop since it can be traced.
Pricing for Portfolio Protection coverage plans are not advertised; you will need to contact customer support by phone or email.
General Correspondence: [email protected]
GAP and Theft Claims: [email protected]
Auto claims: (833) 487-5446
Portfolio service contract: (833) 271-7452
RV claims: (833) 487-5447
Portfolio Protections offers a variety of vehicle service contracts for automobiles, RVs, and power sport vehicles. There are many coverage plans to choose from with a variety of component protections to fit your needs.
Its extra theft deterrent products provide extra protection for your vehicle from theft, including a reimbursement of up to $25,000 to replace your stolen vehicle, which is more than any extended warranty provider would offer.