
Matrix Protection, a product protection company, offers consumers with a range of plans that cover appliances, technology, and vehicles, among other products. Matrix Protection’s plans are available with low monthly payments. Overall, when looking for protection for products, a product protection company offers a number of benefits.
Product protection companies can cover multiple products, depending on the plan. This differs from the average store warranty, which only covers specific new products from a particular manufacturer. In addition, a warranty covers the single product for up to five years (some with an extended warranty) while the term of the product protection plan is typically a year.
With some contracts and companies, the consumer can cover their products for as long as possible. While there is typically a monthly fee, this fee guarantees that the covered products can be repaired, which is a lot less expensive than having to replace appliances, electronics, and other goods. Moreover, the products that are covered do not necessarily have to be new purchases, which is great for someone on a budget who wants to avoid making new purchases.