A world of innovations in the insurance market: musical instruments, clothing and much more.
During vacation time, it is common for people to enjoy free time to practice their favorite hobby. For this reason, the trade in musical, artistic, and sports instruments increases their sales considerably during these months.
However, many of these new items may present faults, or also, due to erroneous handling by the same users, they may present faults, so the use of the extended warranty of the products is very necessary.
Previously, it was common to buy the extended warranty in the field of household appliances, refrigerators, washing machines, but today it is extended to various others such as musical instruments, beauty items, among others.
Alejandro Novoa, FR Group Affinity Manager, comments that the products that were most protected with the Extended Warranty since the start of the pandemic were musical instruments, especially electric ones.
In addition, he points out that the extended warranty that they offer has been highly valued, since one in four customers buy it.
It should be noted that insurance protects against damage, theft and failure, which is why it becomes a very attractive alternative when buying.
“The benefit is very large in relation to the price, for example when the product costs $100,000, the guarantee costs $15,990. And if it has any fault, its repair or even replacement with a new product is covered.”
In addition, the expert points out that even clothing can have extended warranty insurance and in these cases accidental damage and theft are covered.
He adds that one of the great benefits is that if the insurance is used, the user benefits from a new product.
That is why there are many other areas where extended warranty insurance could be applied, as Novoa points out:
“The market has a lot to grow, because the success of the business is in volume, in the area of sports with smart watches, bicycles, surfboards, or even straighteners, hair dryers.”
Regarding the technical service, at FR Group they are concerned that it is efficient and fast, since, if an item is damaged, there are two options: it is fixed by the brand itself or by one of the places that have an agreement with it.
“The important thing is to ensure that the extended warranty and technical service do indeed work.”
But there are not only insurances for objects, but also for parts of the body. For example, injuries to soccer players can be insured in the event of accidents.
Thus, at the time of a serious injury and the player needs an operation, the product offered by the company covers all the cost that is not absorbed by the Fonasa/Isapre and the complementary insurance, with a cap.
We invite you to read his column published in “debosaber.cl”: https://www.debosaber.cl/un-mundo-de-novedades-en-el-mercado-asegurador-instrumentos-musicales-ropa-y-mucho-mas/