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Product Warranty Insurance


ProcurementIQ’s Procurement Research Reports cover thousands of indirect purchasing lines. Our data and analysis help you strategically engage and negotiate with suppliers and give you the credibility to work with internal stakeholders and executives. ProcurementIQ’s Product Warranty Insurance procurement research provides price trends and forecasts, supplier benchmarks and negotiation questions all intended to give your company leverage during the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Product Warranty Insurance - Recent Price Trend

In the three years to 2018, premiums have increased an estimated 0.2 percentage points, supported primarily by growing demand for product warranty insurance. For example, per capita disposable income has increased as the national labor market has rebounded, which has prompted consumers to purchase more goods and services. In turn, consumers have purchased more warranties in case of any product.

Product Warranty Insurance - Total Cost of Ownership

Product warranty insurance entails a low total cost of ownership. Buyers are not responsible for many fees outside of the premium for their policy, so they can expect to pay less than 50.0% of the benchmark price per year for additional costs. In some cases, buyers may be required to pay a deductible for a replacement product depending on the terms of their contract. Typically, a policy with a.

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About this Report

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 repairing faulty 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 comprehensive types of property insurance, such as building and contents insurance.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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