How does a 3rd party warranty work?
A third-party warranty typically involves an outside company that administers claims, sets program terms, and keeps a portion of the underwriting profit generated by the warranties or service contracts sold through your business. WarrantyRE helps owners move beyond that model by establishing their own reinsurance-backed structure, while still receiving support for claims administration, compliance, reporting, and program management.
What are TPA services in insurance?
TPA stands for third-party administrator. In insurance and warranty programs, TPA services usually include claims handling, documentation review, customer communication, compliance support, and administrative processing. WarrantyRE provides these operational functions while helping contractors and dealers structure programs they own, giving them more control over the customer experience and the financial performance of their warranty offerings.
Who can use third party warranty administration services?
WarrantyRE works with home service contractors and automotive businesses that want more control over warranty-related revenue and claims administration. Common client segments include HVAC, plumbing, electrical, roofing, franchise dealerships, retail dealerships, and Buy Here Pay Here operators. These services are designed for business owners, not end consumers purchasing a warranty for personal use.
What is included in WarrantyRE's administration support?
WarrantyRE provides a full-service administrative model that can include company formation, reinsurance structure design, claims adjudication, compliance management, staff training, bookkeeping, performance reporting, legal forms, tax return coordination, and renewals. This allows owners to operate a more sophisticated warranty program without having to build every administrative function internally from scratch.
How does owning a warranty company improve profitability?
When a business relies on a traditional outside warranty provider, underwriting profits often stay with that provider. By establishing an owned reinsurance structure, the business can retain those profits instead. Warranty fees can be built into pricing, claims are administered through a managed process, and unused funds remain tied to the owner's program, creating stronger long-term financial upside.
Does WarrantyRE handle claims administration?
Yes. Claims adjudication and administration are core parts of WarrantyRE's service model. The team helps manage the claims process so owners can maintain consistency, protect customer relationships, and reduce administrative burden. This support is especially valuable for businesses that want the benefits of ownership without having to personally oversee every claim file, review, and communication step.
How long has WarrantyRE been in business?
WarrantyRE was founded in 1994 and has more than 30 years of experience helping business owners improve warranty program performance. The company began in the automotive space and later expanded into home services, bringing decades of reinsurance and administrative knowledge to contractors and dealers looking for a more profitable alternative to traditional third-party warranty providers.
Is WarrantyRE available nationwide?
Yes. WarrantyRE serves clients nationwide across the United States. The company is headquartered in Southeast Virginia, but its programs and administrative support are designed for businesses operating in multiple markets across the country. This nationwide reach allows contractors and dealers in different industries to access setup guidance, claims support, compliance help, and ongoing program administration.