NEW YORK, Nov. 22, 2011 — With just days to go before Black Friday and Cyber Monday, millions of holiday shoppers are mapping out their strategies to find the best prices on flat screen TVs, smartphones, digital cameras, video recorders, audio equipment and household appliances. Nearly all will face that inevitable question: "Would you like to buy an extended service plan to protect your purchase?"
James Mostofi, President of Chartis' U.S. Warranty division, noted, "In the past, extended service plans were costly and limited to simply repairing and replacing broken products. Today's plans are more reasonably priced and address consumers' changing needs by protecting not only the product itself, but often the privacy of the personal data, contacts, music collections, video and photos that reside on smartphones, laptops and mobile devices."
Chartis provides warranty solutions to many of the world's largest retailers and manufacturers of consumer electronics, mobile devices and household appliances. Consumers have more service choices than ever before. The new service plans offered by both retailers and manufacturers range from "buy back" programs that insure against a product's obsolescence to full protection plans that cover failure, damage, loss or theft.
"For anyone who has ever experienced a broken washer or malfunctioning large screen television on or near Thanksgiving, having a single number to call to ensure that those expensive repairs will be made by a qualified technician is a wonderful holiday blessing," Mostofi added.
About Chartis
Chartis is a world leading property-casualty and general insurance organization serving more than 70 million clients around the world. With one of the industry's most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.
Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc. For additional information, please visit our website at http://www.chartisinsurance.com. All products are written by insurance company subsidiaries or affiliates of Chartis Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.
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