3 Benefits of Extended Warranty Through Protect My Iron®

At some point, even the best equipment could fail and require repairs due to a warranty issue, which can bring progress on jobsite to a halt. Even with backup equipment, repairs can be expensive. Protect My Iron® is an extended warranty agreement for new or used equipment offered by J.T. Bates Insurance Group that protects against the expense of unexpected repairs.

Extended warranty contracts can be transferred when the equipment is sold, so they help to yield a higher resale value. Customers can choose to insure their machine’s powertrain, powertrain plus hydraulics, or the entire machine. Consider offering an extended warranty product like Protect My Iron® to your customers.

 

  1. RETAIL PARTS AND SHOP RATE LABOR COVERAGE

Protect My Iron® extends the original equipment manufacturer warranty period and covers the cost of retail parts for repairs. That’s good news for equipment owners because modern equipment is becoming more complex than ever, with increasingly expensive technology, computer equipment and electrical wiring.

Some extended warranties cover parts but not labor. Depending on the certified repair dealership that completes the repairs, labor costs can range anywhere from $100-$250 per hour, toward the lower end for in-house repairs and toward the upper end of the range for road calls. With Protect My Iron®, shop rate labor is covered, ensuring a completely covered repair in the event of a warranty claim.

 

  1. DEMONSTRATES COMMITMENT TO CUSTOMER SERVICE

An extended service contract like Protect My Iron® communicates a commitment to customer service by taking an extra step to protect equipment and keep the business running smoothly. Protect My Iron® builds working relationships between equipment dealers and contractors, rewarding both parties and encouraging repeat business.

 

  1. JUST ONE SYSTEM TO COVER EVERY REPAIR

Because Protect My Iron® has three types of protection—powertrain, powertrain plus hydraulics, and full machine—it is the only system you need to provide customers with personalized service from an extended service contract. And because it was created by insurance experts with hands-on experience in the construction industry, it’s the only product that has been created exclusively for construction equipment dealerships.

Want to learn more? Contact J.T. Bates Insurance Group at 1-877-900-8729 or jbates@jtbatesgroup.com.