VesselVanguard Earns Boating Industry Magazine's 2014 Top Product Award

May 1, 2014

Annapolis, Md. – VesselVanguard, the marine industry’s leading online maintenance management solution, announced today that the company has received the 2014 Top Product Award from Boating Industry Magazine for its new Advantage Warranty program. Launched earlier this year, the VesselVanguard Advantage Warranty was selected for this award by the publication’s editorial staff in recognition of its significant value to consumers as well as to manufacturers and dealers in today’s boating industry.

“We’ve worked hard to make boat ownership easier and remove the barriers to purchase, which helps buyers, builders and sellers alike,” said VesselVanguard CEO Don Hyde. “This is a great honor for us because it recognizes not only our terrific new Advantage Warranty program, but also the VesselVanguard maintenance solution that makes that program possible.”

Providing comprehensive protection to participating VesselVanguard subscribers on new and used boats—including engines, generators, systems and components—the VesselVanguard Advantage Warranty can also deliver considerable cost savings.

The Advantage Warranty kicks in when underlying manufacturer limited warranties expire, providing additional protection for up to seven years at a price that’s up to 20-40 percent lower than similar warranty products currently on the market. Similar service protection for boats and equipment is available to owners of existing vessels, even those up to ten years old.

The VesselVanguard Advantage Warranty was developed in collaboration with SeaSafe Group, LLC, an industry-leading marine warranty and service contract company specializing in comprehensive and component coverage for marine manufacturers and dealers.

Since its launch more than two years ago, VesselVanguard has helped to streamline maintenance management and improve the ownership experience for thousands of boaters worldwide. For each owner’s boat and all its equipment, VesselVanguard provides a digital library of manuals, custom maintenance and inspection calendars, email and text alerts to owners and their contractors about upcoming service needs, and a growing list of features to help owners delegate, track and oversee the various tasks necessary to keep a vessel in good working condition.

Notably, these many features also serve to enable a more accurate underwriting of risk, which in turn reduces cost of warranty protection against that risk for VesselVanguard subscribers. That brings significant savings to owners looking to protect their existing power or sailboats, as well as to manufacturers who wish to offer this extended warranty protection for buyers of their new models.

The VesselVanguard Advantage Warranty covers up to seven-years on equipment systems on the boat. The warranty applies to engines, generators and all other systems and equipment whose maintenance is managed in the VesselVanguard Boat Profile and covered by Sea Safe Group Warranty. Only active subscribers are eligible for the reduced-cost policy, with savings estimated at 20-40 percent or more based on comparable policies not associated with the VesselVanguard service.

“We are honored to be recognized by Boating Industry Magazine as one of its top products for 2014,” said VesselVanguard CMO, David Hensel. “The Advantage Warranty is a unique coverage program that that offers boat owners a level of savings not possible without their VesselVanguard subscription. That membership—the commitment it demonstrates and the information it provides—gives our underwriters the certitude they need to deliver comprehensive coverage at a lower cost.”

 

New Extended Warranty Program Recognized by Leading Marine Industry Publication

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