RepairTech Partners With AmTrust as Underwriter
RepairTech, an extended service provider, has partnered with AmTrust, an insurance carrier with assets of more than $2 billion.
“To better serve our clientele and the consumer we determined that AmTrust provided both the financial strength and the integrity that would make them the perfect insurance company for the RepairTech extended service contract,” Joseph Saieda, RepairTech president, recently said at a customer event, according to the company. “For the dealer, the bottom line is marketing and selling efforts can now be taken to the next step while the consumer is assured the covered product is protected by a financial base with sufficient reserves for any eventuality.”
Saieda noted that buying uninsured and unregistered extended service contracts from companies offering low prices translate to very little value for the consumer, according to RepairTech. In a press release, RepairTech said those types of contracts invite regulatory agency investigation and put a damper on the entire industry.