As Consumers Pursue New Year Resolutions, Safeware Advises “Exercising” Caution on Fitness Equipment

Dublin, Ohio, Jan. 16, 2018 -- Safeware, a leading provider of product protection and extended warranty solutions, warns consumers to be careful while getting back into the habit of regularly using fitness equipment this new year. The company offers comprehensive protection plans for fitness equipment to ensure consumers can enjoy their workouts with peace of mind.

New Year Resolutions often involve being more active. Safeware offers comprehensive protection plans to consumers on their fitness equipment, allowing them to strive towards their health goals in 2018 with confidence.

“Looking at fitness warranties sold through Safeware during January, February, and March of 2017, we saw almost forty-five percent more sales compared to other months,” says Safeware’s Chief Executive Officer, Bryan Schutjer. “As consumers pursue new exercise and health goals in the beginning of a new year, we not only see an increase in the amount of extended warranties sold, but also the number of claims submitted.”

For example, during the first three months of 2017, Safeware data shows that there were almost sixteen percent more reports of in-home equipment failure when compared to the rest of the year. This result was mirrored in the commercial fitness segment, with nearly twenty-three percent more losses compared to the remainder of the year.

According to Safeware, the most common fitness claims are a result of belt issues, especially on treadmills. The average repair cost for belts is over $500. Another common malfunction is due to issues with the machine’s computer console or display. These repairs can set customers back a staggering $700 on average.

One Safeware customer in a suburb of Chicago bought an expensive motion trainer to start a new workout regimen. It was refurbished, and therefore covered by the retailer for the first 90 days. On day 98, however, the machine’s console completely stopped working. It resulted in a repair of over $2,000 that would have come out of the customer’s pocket had they not purchased a protection plan.

Safeware prides itself on offering comprehensive protection plans to consumers on their fitness equipment. New Year’s Resolutions and other personal health goals should not be halted due to broken or malfunctioning machines. By protecting their workout gear, consumers can continue striving towards their health goals in 2018 with confidence.

About Safeware

Having pioneered the technology insurance industry in 1982, Safeware is now one of the most recognized names in product protection. Safeware’s innovative approach to insurance and extended warranty solutions has propelled the company into multiple industries including education, corporate technology, fitness, furniture and appliances. By allowing partners to customize coverage based on their unique needs, Safeware provides best-in-class programs allowing customers to own their products with confidence.

Learn more about Safeware online at www.safeware.com or by calling 1.800.800.1492.

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/03b93c9f-b514-4604-82ba-23fcb76c21b1

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/a5153e37-1824-462c-b298-cae7a1284a25

Lizzie Thompson
Safeware
614.781.1492
[email protected]