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Residual Value Insurance helps companies by managing asset value risk by guaranteeing that core assets can be sold for at least a specified sum at some point in the future
Extended Warranties on Cars or Vehicle Service Contracts are offered by OEM's or Aftermarket or TPA's and provide car owners with many out of pocket expenses for certain repair needs and or mechanical breakdown that would not ordinarily covered.
Vehicle Service Contracts provide a range of benefits and protections in relation to the mechanical breakdown of a car
Home warranties offer homeowners peace of mind by covering the costs for major repairs or replacing certain systems and appliances.
For you and your customers the key is choosing the right extended service contract. Typically, used construction equipment offers three levels of coverage: (1) Powertrain; (2) Powertrain + Hydraulics; and (3) Full Machine. The greater the coverage, the higher the premium, so choosing the most valuable, cost effective option depends on how often you use this particular piece of equipment and under what conditions.
Undeniably, the generator is a big investment. A warranty plan lowers the risk of unexpected failure costs going beyond standard warranty, minimizes downtime, repairs by factory-trained technicians and genuine parts, technical assistance availability and protection against rising labor, travel, and parts costs.
When customers purchase a new piece of heavy equipment, there is usually as standard warranty included. This can be offered by the OEM or the dealership, but either way it almost always comes with an expiration date. After a certain number of miles or hours, the included warranty is no longer valid. That's where aftermarket warranty programs enter the picture.
There are a number of reasons why firms should buy extended warranties for their construction equipment. In the main they protect cash flow, provide predictability, reduce stress, provide savings, facilitate repairs and increase resale value
Mocden has been in formation since 2012 and provides underwriting expertise to start-ups to enable them to build and grow sustainable businesses in the warranty field in relation to auto and heavy plant and equipment and brown and white goods.
Down Payment Guarantee protects the customer against the loss they will incur in the event of an incident leading to a total loss to their vehicle. In the event of a total loss to their vehicle the cover they have purchased guarantees to provide them with a credit that when added to their total loss pay-out from their primary motor insurers will enable them to purchase a subsequent replacement vehicle of similar invoice value to what they paid for originally.