olive.ca introduces mechanical breakdown insurance product into Canada

olive.ca, a payment services and online vehicle protection plan provider, has announced that it has expanded the availability of its mechanical breakdown insurance product in Canada.

The company’s Canadian launch comes after its US business, olive.com, expanded its business into Florida, which meant that the company’s insurance product is now available in all 50 US states.

The new mechanical breakdown insurance covers mechanical failure in automobiles long after their auto manufacturer’s warranty has expired. olive.ca’s digital platform allows consumers to directly purchase insurance, with nine different monthly payment options to choose from, as well as a selection of deductible schemes.

According to olive.ca, the coverage plans are available to drivers in Ontario and British Columbia, with plans to expand into Alberta later this year.

“From the beginning, our mission has been to create transparent Mechanical Breakdown Insurance for US consumers with the eventual goal of expanding further into North America,” said olive founder and CEO Rebecca Howard. “We’re proud to announce our arrival in Canada and we’re looking forward to expanding further into Alberta this year with more provinces to come.”

Coinciding with the launch of its mechanical breakdown insurance product in Canada, olive.ca is also offering its “Powered by olive” platform to local and national insurance agents, agencies, dealer groups and retailers in Ontario and British Columbia.

Much like its US counterpart, olive.ca gives back to good causes. Whenever a policy is purchased from olive.ca, a portion of the plan is invested in the Premiums4Good program, wherein the funds are used to support projects that help social issues. These issues include homelessness, education and employment, as well as sustainable energy.