Companies often seek ways to offer their clients a longer limited warranty while transferring the risk to an insurance company or service contract provider.
These programs work well with new technology items where the product creators want to focus on the design of their product, highly competitive industries where a longer "backed" warranty offers a competitive differentiator, or where a consumer pays a monthly or annual membership fee, and the seller wishes to offer a warranty as long as the consumer is a subscriber or member.
Perfect Solution for:
For a single, one-time payment, a Limited Warranty extension provides coverage for up to 10 years after a short retention period. This innovative solution allows a client to offer a competitive Limited Warranty and not be required to maintain a claims reserve on their balance sheet beyond the retention.
Up to 10 Years of Coverage Available
Depending on the product type, various programs exist to provide coverage for parts, labor, or parts & labor for up to 10 years from the original product purchase date. The term includes a limited OEM (original manufacturer) warranty retention, and then all liability falls to the carrier or service contract provider.
Fully Underwritten Insurance Solution
These programs utilize insurance carriers who understand this business, and a contractual liability insurance policy insures the obligations of the Limited Warranty or Service Contract.
Contact Meramec Secure. Inc. for more information.
These programs work well with new technology items where the product creators want to focus on the design of their product, highly competitive industries where a longer "backed" warranty offers a competitive differentiator, or where a consumer pays a monthly or annual membership fee, and the seller wishes to offer a warranty as long as the consumer is a subscriber or member.
Perfect Solution for:
- Appliances
- Electronics
- Computer
- HVAC
- Internet of Things (IoT)
- Custom Commercial Products
- Automotive
- ATV, RV, Powersports and Marine Products
For a single, one-time payment, a Limited Warranty extension provides coverage for up to 10 years after a short retention period. This innovative solution allows a client to offer a competitive Limited Warranty and not be required to maintain a claims reserve on their balance sheet beyond the retention.
Up to 10 Years of Coverage Available
Depending on the product type, various programs exist to provide coverage for parts, labor, or parts & labor for up to 10 years from the original product purchase date. The term includes a limited OEM (original manufacturer) warranty retention, and then all liability falls to the carrier or service contract provider.
Fully Underwritten Insurance Solution
These programs utilize insurance carriers who understand this business, and a contractual liability insurance policy insures the obligations of the Limited Warranty or Service Contract.
Contact Meramec Secure. Inc. for more information.