Warrantech Corporation, a service contract and extended warranty provider, announced Feb. 4 that a three-year agreement has been signed with BoatU.S., a recreational boating Association, to offer to its 530,000 member base the Warrantech Xchange Product Replacement Program.
Under terms of the agreement, association members will now be able to purchase a product replacement program available on consumer electronics and appliances sold by BoatU.S. priced at $600 or less. The Xchange Card guarantees a new product will be exchanged for the failed unit during the coverage period. Coverage extends for a full year after the manufacturer's warranty.
BoatU.S. offers thousands of products and numerous programs and services intended to make recreational boating easier and less costly for Association members. The Xchange Card will be marketed to Association members through more than 60 stores in 20 states.
"Boating represents the third new market Warrantech has penetrated during the last twelve months, in addition to motorcycles and golf carts," said Joel San Antonio, chairman and CEO of Warrantech Corporation. "Boat U.S. is our first client in the boating industry, and we are pleased that such a highly regarded organization has selected Warrantech's Xchange Card Program for their Association members."
Richard Schwartz, chairman and founder of BoatU.S. said, "Our Association has been providing savings, service and representation to boat owners since 1966. As the nation's most powerful advocate for advancing the interests of boaters, and the primary source of recreational products and services, we believe the Xchange Card will give our members a level of protection not found in any other warranty or service contract program."
About Warrantech
Warrantech Corporation administers and markets service contracts and after-market warranties on automobiles, automotive components, recreational vehicles, appliances, consumer electronics, homes, computer and computer peripherals for retailers, distributors and manufacturers. The company continues to expand its domestic and global penetration, and now provides its services in the United States, Canada, Puerto Rico and Latin America. For additional information on Warrantech, access www.warrantech.com.
