Boat OEMs Use Product Warranty Insurance to Offer Longer Limited Warranties During Special Events or Promotions.
For a single, one-time cost, an OEM can extend their limited warranty and retain the original term, transfer the risk for the extended term to a carrier, and eliminate Balance Sheet Exposure.
It’s completely transparent to the customer but makes accounting for variable terms simple.
Contact https://meramecsecure.com for more information.
OEMs are increasingly looking for ways to differentiate their products from competitors, including offering longer warranties.
Using embedded insurance to transfer a portion of a Limited Warranty is a perfect solution, and the OEM can obtain the coverage directly from a carrier without outsourcing administration or file processing and incurring the associated costs.
Meramec Secure can help build a direct solution. https://meramecsecure.com
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The guide provides manufacturers with an in-depth look at how automated claims scoring is transforming the industry.
For the 2018 model year, most new Volkswagen vehicles in the US will come with a six-year, 72,000-mile bumper-to-bumper limited warranty – which doubles the current warranty.
Product Warranty Insurance may help companies seeking options to offer clients a longer product limited warranty versus their traditional warranty. Product Warranty Insurance or a Service Contract program may offer a solution to increase the warranty – yet transfer the risk to an insurance company or service contract provider.
Membership based Limited Warranty Solutions for Internet of Things (IOT) Smart Devices & Connected Devices