Extended Warranty
Extended Warranty Industry: Role of Blockchain Technology in Shaping the Future of the Sector Highlights: Surge in awareness for extended warranty Decline in sales of PCs Expansion of products and services Extended warranties are agreements that prolong the warranty duration of consumer durable goods beyond the manufacturer’s initial offering. They provide coverage for the expenses related to replacing or repairing a product affected by poor workmanship or manufacturing defects. Extended warranties offer customers an added shield against unforeseen repair expenses resulting from product defects or accidental damage. This heightened protection is anticipated to increase awareness of extended warranties. Numerous products typically include a standard manufacturer’s warranty at no extra cost. This warranty commonly covers the initial year or the first few years of the product’s lifespan. Consequently, extended warranties often offer redundant coverage that m...