SOURCE: The Warranty Group, Inc.

The Warranty Group, Inc.

November 28, 2012 15:00 ET

The Warranty Group Renews Its Agreement With American Residential Warranty

CHICAGO, IL--(Marketwire - Nov 28, 2012) - The Warranty Group, Inc. and American Residential Warranty today announced the renewal of their agreement which offers valuable warranty programs to homeowners throughout the United States. 

"Our partnership with The Warranty Group has allowed us to focus on expanding our base of customers and increase our policy renewal and retention rates significantly," said Richard Kaufman, chief executive officer of American Residential Warranty. "It's clear from our positive customer feedback that through our relationship with the Warranty Group, our warranty products are now providing an even greater level of security and confidence to our customers during these uncertain economic times."

"We're proud to continue to partner with American Residential Warranty, one of the leading home warranty services companies in the country," said Dan Barone, vice president of specialty channels at The Warranty Group. "Our collective expertise in bringing the most innovative and flexible products to homeowners, coupled with an outstanding customer experience, creates a win-win-win situation for our two companies and the customers we serve."

With repairs to home appliance and major systems costing the average homeowner over $1,700 annually, millions of consumers enjoy the financial protection a home warranty offers and consider it to be a wise investment. As the housing market continues to recover and consumer confidence rises, industry research suggests this will spur even greater demand for home warranties in the future.

About American Residential Warranty: American Residential Warranty (ARW) is a nationally recognized leader in the home warranty services industry providing customizable solutions to both consumers and residential realtors across the United States. For more information, visit www.arwplans.com.

About The Warranty Group: The Warranty Group is a leading, global provider of service contracts and related benefits with operations in over 30 countries with more than 1900 employees. With underwriting, claims administration, compliance and marketing expertise, The Warranty Group is a single-source solution for manufacturers, distributors and retailers of consumer goods including automobiles, homes, consumer electronics, furniture and appliances as well as specialty products and solutions for financial institutions. For more information, visit www.thewarrantygroup.com.