The manufacturer gives warranty according to the time in which they expect the product to need service. We all know that those purchases won’t necessarily need servicing during that period. They need a bit of extension within which they wear and start costing you money in constant repairs. This is where extended warranties come in.
An extended warranty or any warranty for that matter does not always have the best reputation. Some of the top complaints that you probably heard are extensive paperwork, requisitions for proof that you have not been negligent and such. That is why Fairsurance is presenting a different picture. According to company representatives, they are out to improve upon the current status quo in the industry. You can find them here. https://fairsurance.com/
You may have a bad experience with a warranty not being honored, even though it was not expired, but Fairsurance says it is not your ordinary extended warranty provider. Here is why:
Relationships with Renowned Brands
According to a company spokesperson, the company works directly with the brands that it covers. There is, therefore, a mutual respect between them. The two companies safeguard each other’s reputation by doing right by the customer.Additionally, this relationship means a better cost structure for Fairsurance, and these savings can then be passed on to the customer.
No Fine Print
One of the company’s mottos is “We are not lawyers, so there is no fine print. What you see on the contract is what you get.”As is the norm, the customer will be taken through a verification process to ensure that the claim is in line with the contract. The spokesperson says that the San Francisco-based company is keen on building relationships and a loyal customer base if they are to establish a strong brand.
Efficiency powered by technology
Fairsurance has a unique way of pricing policies. They run different algorithms to determine the price, and to avoid selling policies to fraudulent customers. This way trustworthy customers don’t have to pay higher premiums to cover for the frauds.
They Are Quick To Expedite
Have you had an instance where you had to wait for weeks to have your claim process started? It is all so familiar with well-established warranty providers. Fairsurance plans to present a new front in the industry. The representatives say that they start processing up to 98.6 percent of claims within the first 24 hours of submission. They say that they only make a few requirements then it is all systems go. They say they do this to save your time and move business along.
There are many reasons why Fairsurance is becoming a highly regarded player in the business. It is changing the game one policy at a time.