Retail Point of Sale Extended Warranty Service Programs
Universal Administrators provides turnkey Point of Sale Extended Warranty Programs for retail customers. Newly purchased HVAC, appliances, electronics, furniture, fitness, lawn & garden products, can be covered by flexible warranty programs that allow for various lengths of coverage, normally from 1 to 10 years. The warranties provide high value to the customer in terms of security and peace of mind. They provide high profit margins to the retail dealers with virtually no overhead and minimal marketing or sales resources required. Years of actuarial experience assure low insurance risk, resulting in attractive profits for the underwriters.
As third party administrator, Universal Administrators sets up the entire program. Ongoing, UA efficiently manages the contracts, premiums and reserves, call center, customer service, and claims processing.
Additional benefits include actuarial and market analysis reporting. Besides monitoring warranty program performance, these reports can be applied to retail market and product quality issues.
Universal Administrators claims processing and adjudication experience ensures high customer satisfaction and fair claims payment. UA's expertise reflects favorably on the retailer reputation while eliminating improper payouts.
Value added POS Extended Warranty Programs from Universal Administrators ensure a superior, profitable competitive edge for all participants. The programs are proven to perform as promised. We draw upon over two decades of successful experience!
Your business is unique! Let Universal Administrators build a program that fits your needs:
- Original Equipment Manufacturer (OEM) Warranty Programs
- Manufactured Home Extended Warranty Programs
- Deregulated Service Contract Programs