Tag Archives: Limited Warranty

Meramec Secure Launches Expanded Website Related to Use of a CLIP (Contractual Liability Insurance Policy)

Service Contracts, Limited Warranty, and Specialty Insurance and Service Programs

The site includes example uses for Service Contracts, Limited Warranties, Specialty Programs, and Service Programs, as well as example CLIP structures, profit participation options, and an example rate builder.

A CLIP is a great way to address regulatory and compliance requirements for Service Contracts. OEMs also use CLIPs to transfer risk off their balance sheets for their limited warranty programs. In addition, CLIPs are often an effective method to support service-oriented programs, including certain travel, event, and waiver programs.

View the site at https://contractualliabilityinsurance.com

ContractualLiabilityInsurance.com is a property of © Meramec Secure, Inc.

Boat OEMs Use Product Warranty Insurance to Offer Longer Limited Warranties

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 Use Warranty for Differentiation

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 

#oem #manufacturer #limitedwarranty #embeddedinsurance #meramecsecure

After, Inc. just published a first-of-its-kind ‘Warranty Claims Scoring 101’ guide

The guide provides manufacturers with an in-depth look at how automated claims scoring is transforming the industry.

Full Release: https://www.send2press.com/wire/after-inc-just-published-a-first-of-its-kind-warranty-claims-scoring-101-guide-giving-manufacturers-an-in-depth-look-at-how-automated-claims-scoring-is-transforming-the-industry/

Product Warranty Insurance

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.

Source:  http://productwarrantyinsurance.com

Limited Warranty, Product Warranty Insurance & Service Contract Solutions

Membership based Limited Warranty Solutions for Internet of Things (IOT) Smart Devices & Connected Devices

Source:  http://productwarrantyinsurance.com