Product Warranty Insurance Procurement in the US
This report is intended to assist buyers of product warranty insurance. These policies, commonly referred to as product protection plans or service contracts,compensate policyholders for the costs associated with replacing or repairingfaulty products beyond the normal warranty period provided by manufacturers. These policies may be offered by retailers, manufacturers or third-party providers. Product warranty insurance terms vary in length and coverage. This report excludes more comprehensivetypes of property insurance, such as building and contents insurance.