We look at a company’s general background as the first indicator of its strength.
1. Age: Any extended warranty company with at least 7 years in the industry has demonstrated legitimate longevity. Age alone can be a statement of financial stability with the resources necessary to assist its customers and pay their claims when needed.
2. Size: The more representatives the better. Nobody wants to have extended hold times when reaching out to their service provider.
3. Price: Price rankings are based on a combination of total warranty cost, deductible options, available promotional discounts, and coverage add-ons.
4. Reviews: Third party reviewers pull information from other review companies such as TrustPilot, ConsumerAffairs, & ConsumersAdvocate to come up with averages. This is the most important ranking factor as it gives a broader view of how many people see the company.