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Machinery Scope Announces Comprehensive Updates to Extended Warranty Programs

By Jacob Bryce
Published on October 30, 2024

ALEXANDRIA, MN—Machinery Scope, LLC, a leading provider of extended warranty solutions for agricultural and construction equipment, is excited to unveil significant updates to its extended warranty offerings. These enhancements are a direct result of the feedback gathered from equipment owners, dealers, and industry partners with the objective of delivering greater value, convenience, and protection for equipment owners, dealers, and industry professionals.

The updated programs now include reimbursement for travel time, mileage, and hauling costs, easing the financial burden when transporting equipment for repairs. Additionally, coverage has been extended to include class 10 and 11 combines, emissions components, expanded electronics, and other critical components, providing broader protection against costly repairs.

In another key development, Machinery Scope now offers the ability to add coverage to existing extended warranty plans, maximizing the value of the original coverage while adding protection at the back end of that plan. “This feature is particularly valuable for customers aligning protection plans on used equipment with lease structures or other financing options,” said Jacob Bryce, founder and President of Machinery Scope. “Our goal is to capture the value of the equipment as it is and add to it. These updates allow us to provide additional customized solutions that integrate with the operational and financial realities of equipment ownership, ensuring seamless protection throughout the machine’s lifecycle.” 

“Our new and improved warranty programs are designed to better align with the evolving needs of today’s equipment owners,” Bryce continued. “Whether it’s expanded covered components, reimbursing transportation costs, or extending existing warranty plans, we are committed to providing exceptional service and comprehensive coverage that allows owners to keep their operations running smoothly and maximize their return on investment.”

Machinery Scope’s extended warranties are available not only for new equipment but also for used machines, up to 15 years old, with industry-leading claims support ensuring a smooth process from quote to claim. These updates reflect the company’s dedication to making ownership more manageable, minimizing the risks of mechanical failures, and offering maximum peace of mind.

About Machinery Scope

Founded in 2013, Machinery Scope is a family-owned business committed to enhancing risk management solutions for the equipment industry. With deep roots in agriculture and equipment industries, Machinery Scope specializes in managing the risks associated with major mechanical failures. Known for its personalized service, the company provides full support from initial quotes through to claim processing. For more information, visit machineryscope.com.

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Equipment Extended Warranty FAQs

Having been in the business since 2013, we’ve put together a list of the most commonly asked questions we hear regarding Extended Warranty. If you have a question you can’t find here, please feel free to contact us.

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What type of equipment qualifies?
What types of coverages are available?

The parts covered are the main difference between each plan. It is important to review the breakdown of what is covered by each level of protection being offered in the terms and conditions of the coverage.

  • Powertrain: This plan includes the components pertaining to the engine and transmission that oil touches. Our plans will also provide coverage on additional related components.
  • Powertrain+: Covers the hydraulic pumps and valves. In some instances, Powertrain+ will need to be purchased to cover hydraulic drive components, such as factory installed rear-wheels assist on combines.
  • Ultimate: covers several components often found in comprehensive coverage but is not to be considered “full machine” or “bumper-to-bumper.” Covered components include, but are not limited to emissions components, starter, alternator, engine block heater, ac compressor, factory installed auto steer, front axle suspension, ROPS and FOPS.

We are always happy to talk through the details of the different solutions that we can offer so that you have the information and full transparency to decide what is best for your operation.

What are the benefits of having extended warranty on my equipment?

There are numerous reasons why having an extended warranty plan might make sense for your operation. Besides being a risk management tool on your operation, having extended warranty remaining on used equipment will translate to improved resale value. For example, we estimate that used equipment with at least one year and 250 hours of coverage will have improved resale value between 1% and 5%. For dealerships, equipment that has coverage will sell more quickly than those that do not (assuming everything else being equal).

Most importantly, an extended warranty plan can save you from the financial burden of a major repair bill. Extending the protection on your equipment provides peace of mind by helping to turn an unknown variable cost into a known fixed cost.

What are the key differences between all the companies that offer coverage?

Most OEM’s offer some type of coverage. There are also independent providers, such as Machinery Scope, that offer coverage for a wide range of equipment types, makes, and models of equipment. We are proud to offer our solutions to equipment dealers so that we can protect their mainline offerings as well as competitive trades. Machinery Scope is also proud of being deeply rooted in the equipment industry, both in our farming operations and within the equipment dealerships. Our roles within the equipment dealership have included, sales, sale management, operational management, service technician, and service management. We understand this business and we are proud to leverage that to make it easy for our dealers and their customers to do business.

Another key distinction from one program to the next is how the programs are financially supported. Programs can be fully insured, reinsured, bonded, or backed by the financial strength of the administrator and/or the company offering the policies. Additionally, commercial extended service contracts are regulated differently by each state. Certain terms, products, and or programs will vary from state to state. It is not unreasonable to ask questions. At Machinery Scope, we administer the plans we provide and are proud to be backed by CNA to provide you with a product that you can count on when you need it most.

What factors determine how much my plan will cost?

As you can imagine, the cost of the coverage varies. This will depend on the following factors:

  • Age of the equipment
  • Current hours
  • Type of equipment
  • Horsepower
  • Usage
  • Prior claims history on that model (or series)
  • Requested Years of Coverage
  • Requested Hours Per Year
  • Coverage Type (Powertrain, Powertrain+, or Ultimate)
  • Deductible