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The Future of Furniture Protection Plans

The furniture protection plan industry is evolving quickly as retailers demand better technology, better customer experiences, and stronger program performance.

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Major Industry Trends

Technology Integration

Modern protection plan programs integrate with POS systems, ecommerce platforms, and CRM tools.

These tools simplify the configuration, marketing and selling process for both brick and mortar, as well as ecommerce retailers.

These technology solutions also make it easy for retailers to participate in the warranty process, in terms of supplying parts, replacement products and even repairs in cases where the retailer employs its own repair or cleaning technicians.

Lastly, insuretech platforms, such as the Guardian Protection Products tool, Service Avenger, makes it simply for customers to file claims, over the phone, online or via chat, improving customer satisfaction and drive repeat sales to the retailer.

Data Analytics

Retailers increasingly expect detailed analytics related to:

  • attachment rates
  • claims frequency
  • program profitability

Customer Experience

The claims experience is becoming the most important differentiator between administrators.

Claim experiences that are seamless, and provide status updates along the way boost customer satisfaction and increase repeat sales.


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Why Retailers Are Replacing Legacy Providers

Some retailers are reevaluating legacy protection plan programs in search of providers that offer:

  • diverse risk models
  • better customer service
  • modern technology
  • innovative coverages
  • improved retailer economics

Conclusion

The next generation of protection plan programs will focus on transparency, technology integration, and superior customer experience.

Retailers that adopt modern protection plan solutions will be well positioned to increase profitability while improving customer satisfaction.

Guardian - logo-Jan-03-2025-03-11-02-6537-PMFind out how Guardian Protection Products' future-proof your protection strategy.

Contact Guardian

Guardian Protection Products enables furniture retailers to increase average order value at the point of sale by adding value for consumers, through extended warranty products which protect homeowners from unexpected repair costs due to accidental stains and damages, as well as breakdowns due to manufacturer defects of home furnishings.

OnPoint’s furniture warranty programs drive POS and aftermarket revenue for our retailers, while our insuretech platform and exceptional warranty service experiences improve brand loyalty and drive lifetime customer value. 

Jenniffer Breitenstein

Jenniffer, a 25-year veteran marketing, operations and CX executive, has demonstrated success in driving growth and execution for global service industry companies like OnPoint Warranty Solutions, ServicePower, GE, Service Net and Accent Marketing. Jenniffer is a certified 6 Sigma Green Belt, GE MDC graduate, former board member of the GE Louisville Area Education Advisory Committee and Elfun Chapter, co- chair of the GE Women’s Network Community Service Committee and was named one of the 30 Most Inspiring Women In Business in November 2017 by Insight Success Magazine.  She was named a 2019 Powerful Woman in Consumer Technology by Dealerscope and was a 2019 Stevie Award Woman in Business Bronze winner.

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