The correct term depends on what you’re looking to accomplish. Navigating the different insurance policy terms can be confusing, as their meanings and applications often overlap. The fundamental foundation is the Contractual Liability Insurance Policy (CLIP) for all the variations.
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Businesses offering Limited Warranties or Service Guarantees frequently encounter the question, “What backs this warranty or guarantee?”
This question is critical to clients seeking peace of mind that something supports the warranty or guarantee beyond the company’s promise. In some cases, clients will not do business with a company that doesn’t have adequate backing for its promise or guarantee.
Continue readingIt’s never been easier for a manufacturer to build an in-house service contract program
Visit Meramec Secure for more information.
Agreements Require Both Current and Former Owners of
RV Dealerships to Make Significant Changes to Business Practices
Full release: https://ag.ny.gov/press-release/2021/attorney-general-james-secures-50000-rv-owners-who-could-not-obtain-timely
New law amends the RV-specific franchise provisions to clarify that warranty claims cannot be rejected as late if the claim is received within 60 days of the completion of a work order.
Full Article: https://www.rvia.org/news-insights/new-law-improves-warranty-process-louisiana
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The program enhancements include updates to coverage, eligibility, rates, terms and program collateral.
Source Article: https://www.theautochannel.com/news/2019/11/07/742320-protective-asset-protection-enhances-xtraride-rv-service-contract-program.html
Personal Safeguards Group, LLC (“PSG”) has launched marine and RV limited warranty programs to assist OEMs with offering longer term limited warranties while transferring the risk off the balance sheet with a financially secure solution.
Custom programs are designed to support promotional or blanketed programs with coverage for parts or parts and labor.
For more information contact: Personal Safeguards Group