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The extended warranty ensures the extension of the warranty of the insured asset in the event of defect or structural failure caused during the insurance effectiveness. After the sale of a product, the extended warranty can be offered, whether of one year or more.

Example:

A product is insured for Insurance Company X. During the sale, the extended warranty is offered to the customer. The warranty can be of one year of more. In the event of return and/or exchange of this product, the reason of the claim is stored and a financial bill (accounts receivable) for Insurance Company X.

Extended Sales Warranty tied to the Product

• Only the sale of an extended warranty per product is allowed.
• The extended warranty price varies according to the price of the product and the assistance index (Risk).
• The warranty only has a due date after the end of the factory warranty.

Term to purchase the insurance

The term to purchase the insurance is only during the purchase of the asset in the establishment.

Deficiency

The deficiency to cover the extended warranty starts from the date of adhesion of insurance and ends on the date of termination of total warranty of the manufacturer.

Data exchange with the insurance company

If by any chance a product is returned or exchanged with Extended Warranty, the Claim x Insurance Company table is fed with the product "claimed" to a certain Insurance Company, besides carrying out the entire returning process and generating a bill of accounts payable to it.