An extended warranty is

Warranty service providers are authorized to provide warranties with manufacturers, retailers, and other service providers. Their activities are monitored by state insurance departments to protect consumers. State insurance departments require warranty service providers to be licensed under different categories. Some licenses only cover vehicle warranties, while others cover home and commercial warranties. Others cover all three. It is important to maintain an official license as an authorized warranty service provider in order to be compliant with regulations.

A warranty extension can give you peace of mind knowing that your car or truck is covered under warranty when you need it the most. The plans typically include the cost of parts and labor for routine maintenance. This type of insurance can save you thousands of dollars in repairs over the lifetime of your vehicle.

OnPoint Warranty

The market for Electronic warranty services is growing because of the increased use of electronic devices. These warranties cover accidental damage, theft cracked screens and many other issues. These services are popular due to the increasing sensibility to safety. In addition, the rising number of price-conscious consumers is also a major factor in the expansion of this market.

There are several segments to the industry. The retail segment is expected to grow at the fastest CAGR followed by the manufacture level segment. Many consumers prefer the retail segment because it provides additional benefits like extended warranties. The segment also provides specific services in warranty administration. Its primary objective is to make sure that consumers receive the best value for their money.

OnPoint Warranty

Extended warranties offer an additional layer of protection for electronic devices. A typical warranty for electronics can cost $136. This is a reasonable price for consumers, and it also covers damage that occurs due to accident. Broken displays, for instance, are a common problem.

Product protection plans also increase customer loyalty and increase the probability of purchasing. A recent survey conducted by Assurant found that customers who had plans to protect their product increased their intent to buy by 25 percent. They also had an increased lifetime value and a higher propensity to purchase additional products. The majority of products come with a manufacturer's warranty of six to twelve months. However, warranty protection for services goes beyond this coverage to cover the possibility of damage or defects that are caused by accident.

OnPointWarranty.com