Warrantech Corporation administers and markets service contracts and after-market warranties on automobiles, automotive components, recreational vehicles, appliances, consumer electronics, computers and computer peripherals for retailers, distributors and manufacturers. Warrantech is a subsidiary of AmTrust Financial Services, Inc., a multinational property and casualty insurance holding company specializing in coverage for small businesses and extended warranties, with the AmTrust Group of insurance carriers rated “A” (Excellent), Financial Size IX by A.M. Best Company.
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Warrantech adds development and training program to its automotive sector offerings
1. BEDFORD, Texas (Feb. 5, 2011) – Warrantech Corporation (Warrantech) today
announced a new service capability from its automotive sector, as well as the addition
of two sales and business development executives to the organization.
Warrantech is new service offering, a unique training and development program, is
geared toward automotive, power sports, and recreational vehicle dealers to help
diagnose and cure profit leaks in dealerships. Utilizing in-depth evaluations of a
dealership, programs are custom-tailored to drive sales and profits to new levels.
“We’re bridging the gap between the classroom and showroom with this new service
offering,” said Dominic Sans one, president, automotive sector, Warrantech
“We become an effective consultative resource for dealerships by designing custom
programs utilizing the latest technology that not only help improve their
profitability, but generate enthusiasm, positive attitudes and an overall commitment
to excellence among the sales , finance and service staffs.”
R. Michael Burgholzer, Warrantech new senior vice president, dealer development, is
managing the dealer training and development program. Burgholzer brings more than
20 years of experience in leadership positions within the automotive industry.
2. “We’re excited and fortunate to add a talent like Mike to the Warrantech
organization. His experience and expertise will allow us to focus on developing a
successful program that addresses a growth area within the automotive industry,”
Sans one said.
Warrantech also added Chris Murphy as executive vice president of sales for its
automotive sector, reporting to sans one. Murphy is a 23-year veteran of the
automotive industry with a primary focus on developing sales and market strategy
for automotive products in the general agent and dealer markets.
About Warrantech
Warrantech Corporation administers and markets service contracts and after-
market warranties on automobiles, automotive components, recreational
vehicles, appliances, consumer electronics, computers and computer peripherals for
retailers, distributors and manufacturers. Warrantech is a subsidiary of Am Trust
Financial Services, Inc., a multinational property and casualty insurance holding
company specializing in coverage for small businesses and extended warranties, with
the Am Trust Group of insurance carriers rated “A” (Excellent),
3. But, rather than waiting until the unthinkable happens, Stapleton advises to read the
service contract before it’s purchased to avoid potential problems down the road.
“Check the fine print for a third-party provider and consider the reputation of the
company,” Stapleton said. “Look for an address to write to or a phone number you can
call if there are issues.”
Consumers are spending more on electronics and other big-ticket items than ever
before, so ESPs are becoming increasingly important – as long as they will be there when
they are needed. On its consumer protection website, the Federal Trade Commission
urges shoppers to read warranty and ESP paperwork and look for answers to the
following questions:
- How long does the warranty and ESP last?
- Who do I contact to get warranty and ESP service?
- What will the company do if the product fails?
- What parts and repair problems are covered?
- Are there any conditions or limitations on the warranty or ESP?
4. By asking these questions upfront and ensuring that their ESPs are backed by a
reputable third party, shoppers can gain peace of mind that their purchases will
be covered – even if a favorite retailer permanently closes.
Warrantech administers and markets service contracts and after-market
warranties on automobiles, automotive components, recreational vehicles,
appliances, consumer electronics, computers and computer peripherals for
retailers, distributors and manufacturers. Warrantech ESPs are underwritten by
sister company Am Trust Group insurance carriers, rated “A” (Excellent) by A.M.
Best Company for their financial strength and stability.