Category Archives: Home Warranty

The Meramec Secure® Platform helps InsurTech, FinTech, OEM, and Product Sellers meet client demand for insurance-backed guarantees or warranties

The markets are littered with companies making big, bold promises that then go out of business with nothing to support their promise.

“Everyone has a warranty or guarantee, but what backs it – that’s what your prospects and clients want to know.”

The Meramec Secure® Platform enables the creation of customized solutions tailored to the needs of InsurTech, FinTech, OEMs, and Product Sellers across a variety of products, services, and solutions.

This includes traditional product warranties and service guarantees, as well as platform guarantees for performance, usage, uptime, and service-level commitments (SLAs), along with options for redeploying contractual obligations, early termination, warranties, and refunds.

Make your product, service, or solution stand out in a crowded market.

Determining the appropriate insurance policy and structure to support your objectives in a compliant and valid way is extremely important. Meramec Secure® supports clients in reviewing options and solutions to support the program from initial design through implementation.

Contact Meramec Secure

Mike Frosch, President

email: mike@meramecsecure.com

book an online meeting at:  calendly.com/mike-frosch

website: https://meramecsecure.com/

#meramecsecure #insurtech #fintech #saas #warranty #guarantee #oem

home real estate

Rely Home Receives Investment from H.I.G. Capital

Rely Home, a leading nationwide home warranty provider, is pleased to announce it has received an investment from an affiliate of H.I.G. Capital, a leading global alternative investment firm.

Rely Home operates across all 50 states through a network of independent, affiliated technicians under its three brands: Choice Home Warranty, Home Warranty of America, and Home Service Club.

Full Release: https://www.prnewswire.com/news-releases/rely-home-receives-investment-from-hig-capital-302612188.html

home real estate

Frontdoor Delivers Exceptional Third-Quarter 2025 Financial Results

Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home warranties, today announced its third-quarter 2025 results with an increase in revenue of 14% to $618 million.

Highlights include:

  • Revenue Increased 14% to $618 Million;
  • Gross Profit Margin Increased 60 Basis Points to 57%;
  • Net Income Increased 5% to $106 Million;
  • Repurchased $215 Million of Shares YTD Through October 2025;
  • Increasing Full Year Revenue and Adjusted EBITDA Guidance

Full Release: https://www.businesswire.com/news/home/20251105000942/en/Frontdoor-Delivers-Exceptional-Third-Quarter-2025-Financial-Results

Fannie Mae sues multiple home warranty firms for alleged trademark infringement

The complaint claims ‘significant harm to Fannie Mae’s goodwill and reputation’

Full Article: https://www.scotsmanguide.com/news/fannie-mae-sues-home-warranty-firms-for-alleged-trademark-infringement/

See Who’s Coming to the 16th Annual Extended Warranty & Service Contract Innovations Conference!

250+ Warranty Executives Already Registered

www.warrantyinnovations.com

The only event where innovation meets impact in extended warranties and service contracts. Whether you are focused on vehicles, homes, appliances, electronics, mobile, or other specialty markets, this is where leaders gather to share the strategies that future-proof products and services. Meet 250+ executives to learn who’s doing what and how!

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The 16th Annual Extended Warranty & Service Contract Innovations Conference

The 16th Annual Extended Warranty & Service Contract Innovations Conference https://www.warrantyinnovations.com/ returns to Chicago, hosted at the legendary Drake Hotel on October 27-28, 2025. 

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The Iowa Insurance Division Publishes Consumer Guidance on Service Contracts

The Iowa Insurance Division has published consumer guidance on service contracts (motor vehicle and residential), emphasizing the need to research providers, coverage limitations, and claim processes; awareness is recommended due to persistent marketing via calls and mailers.

The Iowa Insurance Division regulates two types of service contracts: motor vehicle and residential service contracts, also known as home warranties.  The article lists websites a consumer may use to confirm a seller is licensed.

Full Article: https://iid.iowa.gov/consumer-connection/2025-07-02/july-consumer-connection-service-contracts

Florida New Home Warranty Law

Effective July 1, 2025, this new statute [ Statute – 553.837 ] requires a new home builder to provide a warranty for a newly constructed home for at least one year.

This new statutory warranty states that the builder is required to warrant the newly constructed home for all construction defects of equipment, material, or workmanship furnished by the builder or any subcontractor or supplier resulting in a material violation of the Florida Building Code. 

Full Statute: https://www.flsenate.gov/Laws/Statutes/2024/553.837

Arizona Substantive Policy Statement 2025-03 (INS)

Arizona’s Department of Insurance and Financial Institutions recently issued a Bulletin to address unpermitted entities that appear to be engaging in conduct that may require a permit issued by the Department under Arizona law. This Bulletin is intended to guide insurers on complying with Arizona Service Contract regulations.

The Department emphasizes that entities offering service contracts must obtain a service company permit. 

The Department has observed a number of insurance contracts that include coverages for individual consumer products that meet the definition of a service contract under Arizona law. See A.R.S. § 20-1095(7). The coverages are being provided by insurers that have not obtained the required permit to offer service contracts. See A.R.S. § 20-1095.01.

Full Bulletin: https://difi.az.gov/sites/default/files/RegulatoryBulletin2025-03_ServiceContracts.pdf

Washington State Service Contract Provider Update

Effective July 27, 2025, Washington State will allow service contract providers to use multiple reimbursement insurance policies (CLIP) as forms of indemnity.

Service contractor providers may now use more than one reimbursement insurance policy (CLIP) as a form of indemnity. A service contract must be insured by only one CLIP. You can’t insure the same service contract on more than one CLIP; however, you can use multiple CLIPs to cover the same category of service contract.

Source Article: https://www.insurance.wa.gov/insurers-regulated-entities/company-registration-and-renewal/company-registration-and-renewal-service-contract-providers