News from The Warranty Group
For Immediate Release
The Warranty Group Announces Agreement with ProHome International
CHICAGO, December 3, 2007 – The Warranty Group today announced an agreement with ProHome International to offer two new residential warranty programs. The first is a 4 year warranty for newly constructed homes and the second is a 1 year warranty for existing homes.
The ProHome Home Protection Plans will be offered in 28 states through ProHome’s local offices and will be offered to developers, builders and homeowners. The 4 year plan becomes effective on the one year anniversary of closing and provides coverage through year 5. The 1 year plan begins 30 days after the purchase date and covers all existing homes, regardless of age, for a period of one year. Both plans cover single family and multi-family dwellings and offer comprehensive coverage on appliances, systems and even heating and air conditioning.
“Our protection plan for new construction will be a driving force for ProHome’s dedication to customer satisfaction,” said Mike Frosch, President & COO of TWG Home Warranty Services, Inc. “We look forward to supporting this new marketing opportunity for ProHome.”
“This partnership aligns perfectly with our strategic objective of being an industry leading innovator, while enhancing the customer experience and delivering exceptional customer service,” said Jack H. Salmans, CEO of ProHome International. “This agreement gives our valued clients additional peace of mind. I believe providing the consumer an option of extending their new home warranty up to 5 years of coverage will revolutionize the construction industry.”
About The Warranty Group
The Warranty Group is the world’s premier provider of extended service plans, with operations in 33 countries and 2100 employees. By providing underwriting, claims administration, compliance and marketing expertise, The Warranty Group is a single-source solution for manufacturers, distributors and retailers of consumer goods including autos, homes, consumer electronics and appliances.
About ProHome International
ProHome International’s headquarters is based in Wichita, Kansas with franchise offices providing warranty service in 115 markets nationwide. ProHome has nearly a 25 year history and is a leader in the warranty management industry. The company services thousands of developers, builders and their homeowners through a variety of warranty and home maintenance service programs. ProHome’s proprietary database and management systems provide a seamless integration into any developer or builder’s warranty department. As a third party, ProHome reduces a developer or builder’s warranty management costs by up to 50%, compared to in-house solutions, while allowing their clients to avoid warranty related costs until a home is actually sold.