The furniture protection plan industry is evolving quickly as retailers demand better technology, better customer experiences, and stronger program performance.
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:
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.
Some retailers are reevaluating legacy protection plan programs in search of providers that offer:
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 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.