Extended Warranty Pricing (Self-Funding)
Extended warranties have been viewed both as a good marketing strategy and also the bane of a company, due to their impact on the service department and the rates we can charge or get paid. That said, some firms elect to underwrite their own warranty programs. Some contractors have also extended their warranties or guarantees past the manufacturer’s for marketing purposes. This section deals with the ideas you may like to consider if you’d like to learn to price those practices. Also some states have specific requirements to conduct operations such as this, so be aware and validate your state’s legal processes before you launch such an initiative.