Tag Archives: Extended Warranty

Personal Safeguards Group, LLC (PSG) Supports Creation of a New Furniture Service Contract Program

PSG provided support in every step of creating a new service contract program in North America including:

  • Program Design
  • Claims Administration
  • Regulatory and Compliance
  • Sourcing an Admitted Carrier

The PSG process is designed to support Independent Providers, Original Equipment Manufacturers (OEM) and Retailers. OEMs and Retailers can in-source or outsource individual elements of their program for their Service Contract Program allowing individual structures to address revenue recognition issues, customer experience & lifetime value and overall program design and development.

Contact Personal Safeguards Group for more information. https://personalsafeguardsgroup.com

Mastercard Adds New Benefits for World and World Elite Cardholders

The new benefits with Lyft, Fandango and Boxed will replace Mastercard’s extended warranty and price protection programs.

Full Article: https://www.nerdwallet.com/blog/credit-cards/mastercard-adds-new-benefits-world-world-elite-cardholders/

Consumer Reports Once Again Dismisses Extended Warranties

Never a fan of Extended Warranties (Service Contracts), Consumer Reports once again published an article against buying Extended Warranties.

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Harley Davidson India rolls out extended warranty

Harley-Davidson India, premium motorcycle maker announces the roll out of an Extended Warranty program for its customers in India.  Under the Extended Warranty program, all Harley-Davidson motorcycles can now be covered for four years.

Full Article:  http://economictimes.indiatimes.com/industry/auto/news/two-wheelers/motorcycles/harley-davidson-india-rolls-out-extended-warranty/articleshow/46837332.cms

Zurich expands its Brazilian extended warranty insurance business

In the Brazilian market, where large upfront payments are the norm, Zurich Insurance Group announced that its Brazilian subsidiary Zurich Minas Brasil Seguros S.A. has expanded its client base.

Zurich Minas Brasil Seguros S.A. now has an exclusive 8 year distribution agreement with Via Varejo S.A. for the sale of extended warranty insurance products through almost 1,000 stores in the Casas Bahia and Ponto Frio branded store networks of Via Varejo.

Zurich reported that is has agreed to pay BRL 850 million (approximately USD $350 million) under the distribution agreement to Via Varejo for channel exclusivity and commission advancement and expects to generate a premium volume in excess of BRL 1.3 billion (approximately USD $530 million) in the first year.

Full Release from Zurich:  http://www.zurich.com/en/media/news-releases/2014/2014-1001-01