Extended Warranty InsuranceExtended Warranty Insurance

Extended Warranty
Insurance Policy

  • Introduction
  • What’s covered ?
  • What’s Not covered?
  • Why Choose HDFC ERGO?

Extended Warranty Insurance

 

As an owner or seller of an asset you would always want to have a worry free usage of it either for self or for your customer. HDFC ERGO Extended warranty insurance policy is designed to provide additional protection to your assets which are damaged because of manufacturing defects. This is a unique policy which provides option to extend the warranty cover for additional number of years.

It is an extension of the Original Manufacturer’s Warranty (OMW) with additional period of warranty on top of the Original Manufacturer’s Warranty. It is a tool by which a manufacturer / distributor / retailer of goods seeks to enhance the value of the product it manufactures / distributes / sells, thereby differentiating its product in the market.

For example, an Air conditioner manufacturer may offer a one year warranty on its entire range of Split AC and can offer to enhance the deal by adding another two or three years warranty into the package, thereby differentiating its product in the market. This additional Extended Warranty is backed by insurance.

 

What’s Covered?

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Covers repair or replacement costs in respect of insured asset caused due to breakdown from manufacturing defects arising during the extended warranty period.

What’s not covered?

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Any accidental damage

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Normal wear & tear

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Cosmetic damage

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Diagnostic costs

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Consumable items

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Regular servicing

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Repair or replacement is necessary as a result of fire and theft

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Consequential loss as a result of mechanical failure

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Damage as a result of transportation / installation / delivery

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Damage resulting due to software incorporated in the insured product

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Parts covered under manufacturer warranty

Policy Duration

The Policy Period will commence on the expiry of the manufacturer’s product warranty period and will be in force for the period opted for Extended Warranty.

Sum Insured

The policy Sum insured would be the invoice value.

Sum Insured

Only new consumer durable and electronic appliance purchased from an authorized dealer / retailer which has manufacturer warranty.

Premium

The premium will depend upon the type of asset, invoice value, failure rate, manufacturer warranty extended warranty duration opted under the policy.

Excess

Applicability or non applicability of excess will depend on case to case basis.

Why HDFC ERGO?

Secured Over 1 Crore+ Smiles!

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.
Why HDFC ERGO?

All the support you need 24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.
Why HDFC ERGO?

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans for every portfolio.
Why HDFC ERGO?

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.
Why HDFC ERGO?

Awards

We have received the ICAI Award of the Year and excellence in financial reporting for the year FY: 18-19.
Why HDFC ERGO?

Secured Over 1 Crore+ Smiles

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.

All the support you need-24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans for every portfolio.

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.

Awards

We have received the ICAI Award of the Year and excellence in financial reporting for the year FY:18-19.
Awards & Recognition
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