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Most insurance companies generate revenue in two ways: Charging premiums in exchange for insurance coverage, then reinvesting those premiums into other interest-generating assets. Like all private businesses, insurance companies try to market effectively and minimize administrative costs.

Extended Warranty Overview Most warranties can be extended for a reasonable cost. An example of a common extension is the limited labor warranty extension from one to ten years.

Extend, Inc. provides technology solutions. The Company offers product protection platform that allows any merchant to easily offer extended warranties and protection plans. Extend serves customers in the United States.

Extend makes money through the service fee it charges with each warranty plan. These plans can be catered towards consumers or merchants and can come in different varieties, such as base plans and ADH plans (Accidental Damage from Handling).

An extended warranty works in a similar manner as insurance. Most consumers who purchase this particular warranty do so because they bought an expensive appliance or electronic device. If it fails to operate within a specific time period, you are protected against the financial loss.

Extend ? which aims, in the words of co-founder and CEO Woody Levin, to become the ?Apple Care? for everything that's not an actual Apple product ? has raised $260 million, a Series C that values the company at over $1.6 billion.

An extended auto warranty is a service contract that covers car repairs beyond the time period of a manufacturer's warranty. These warranties typically cover the costs to repair or replace electrical or mechanical problems that are not covered by manufacturers' warranties.