/C O R R E C T I O N -- Peoples Choice Warranty/

In the news release, PEOPLE'S CHOICE WARRANTY EXPANDS ARCH-INSURED PRODUCT LINE ACROSS MULTIPLE COVERAGE TIERS, issued 16-Oct-2025 by Peoples Choice Warranty over CNW, we are advised by the company that the last sentence of the second-last paragraph should read "With the full backing of Arch Insurance Canada Ltd., all PCW programs are fully compliant, transparent, and ready for sale across Ontario and Canada" (removing the word "now"). The complete, corrected release follows:

PEOPLE'S CHOICE WARRANTY EXPANDS ARCH-INSURED PRODUCT LINE ACROSS MULTIPLE COVERAGE TIERS

OTTAWA, ON, Oct. 16, 2025 /CNW/ - People's Choice Warranty ("PCW") is pleased to announce the launch of an expanded and enhanced portfolio of fully insured vehicle protection products, underwritten by Arch Insurance Canada Ltd., a licensed Canadian insurer and subsidiary of Arch Capital Group Ltd. (NASDAQ: ACGL). This announcement represents a major milestone in PCW's continued commitment to compliance, consumer protection, and transparency, reaffirming its position as one of Canada's leading providers of extended vehicle warranties.

EXPANDED COVERAGE PORTFOLIO

Effective immediately, PCW's Arch-backed programs now include over 70 fully insured coverage options across multiple tiers. Each program is designed to provide flexible protection, tailored to diverse vehicle types and consumer needs.

Tier	Coverage Range / Term Options	Key Features
Bronze	3–48 months / 3,000– 80,000 kms	Foundational protection for essential components, offering affordability and peace of mind.
Silver	6–48 months / 12,000 –80,000 kms	Enhanced component coverage for reliability and mid-range value.
Silver Plus	6–36 months / 10,000 –70,000 kms (including unlimited km options)	Expanded protection beyond the Silver tier, ideal for high-use vehicles.
Gold	12–48 months / 12,000– 80,000 kms (including unlimited km options)	Broad coverage combining affordability and comprehensive component protection.
Palladium	36–48 months / 60,000 –80,000 kms	Premium coverage tier offering longer-term protection for modern vehicles.
Platinum	12–36 months / 20,000 –60,000 kms (including unlimited km options)	High-tier protection for advanced vehicles with full drivetrain and technology coverage.
Platinum No Time Limit	Up to 240,000 kms	Lifetime-style coverage option offering the highest level of flexibility and long-term protection.
Platinum Plus	12–36 months / 20,000 –60,000 kms	Comprehensive coverage with additional benefits and protection features.
Platinum Top Up	Up to 60 months / 160,000 kms	Extended coverage for vehicles nearing the end of original protection terms.
Titanium	Up to 200,000 kms	Premium, high-value vehicle coverage designed for maximum performance and longevity.
Road Trial	15–39 months / up to 60,000 kms (including unlimited km options)	Specialized coverage for demonstration and test-drive vehicles.
Top Up	60–84 months / up to 170,000 kms	Optional term extensions to enhance or continue existing protection plans.

FULLY INSURED BY ARCH INSURANCE

All programs are insured by Arch Insurance Canada Ltd., a licensed insurer and subsidiary of Arch Capital Group Ltd., a global insurance leader with a market capitalization exceeding USD $30 billion and an A+ (Superior) financial strength rating. This partnership ensures that all PCW warranties are fully compliant with OMVIC's regulatory requirements, providing security and confidence for dealers and consumers alike.

LEADERSHIP STATEMENTS

Vince D'Antoni Jr., CEO of People's Choice Warranty, stated:

"This expansion marks an important step in PCW's evolution. With Arch Insurance's support, we're proud to offer one of the most comprehensive warranty portfolios in Canada; each product designed to deliver compliance, confidence, and long-term value."

Maxime Théorêt, CEO of Drive Investment Partners, added:

"This is a strong reflection of the new leadership direction at PCW. Our focus is on operational integrity, dealer trust, and consumer protection. We appreciate Arch Insurance's partnership and OMVIC's guidance as we continue to strengthen PCW's position in the market."

COMMITMENT TO DEALERS AND CONSUMERS

PCW continues to expand its dealer platform, introduce new coverage programs, and invest in technology to improve claims processing and customer service. With the full backing of Arch Insurance Canada Ltd., all PCW programs are fully compliant, transparent, and ready for sale across Ontario and Canada.

ABOUT PEOPLE'S CHOICE WARRANTY

Founded in 2000, People's Choice Warranty has grown into one of Canada's most recognized providers of extended warranty and protection products for both franchised and independent dealerships. Backed by Arch Insurance Canada Ltd. and led by a new management team under Drive Investment Partners, PCW is dedicated to compliance, transparency, and consumer protection.

SOURCE Peoples Choice Warranty

Media Contact: Vince D'Antoni Jr., Chief Executive Officer, People's Choice Warranty, 904-610-1398, [email protected]; Drive Investment Partners Contact: Maxime Théorêt, Chief Executive Officer, Drive Investment Partners, 514-823-5570, [email protected]