Create Coverage Items or Extended Warranties

Coverage items or extended warranties let you sell additional coverage services to your customers. Coverage items can be sold as separate items themselves, and you can set up pricing for these items as well.

Percentage-based pricing lets you price a coverage item as a percentage of the price of the item that it covers. Here are the steps to set up pricing for the asset item:

1. Sign into the application with access to Pricing Administration.
2. Navigate to the Pricing Administration work area.
3. In the Pricing Rules tab, open the price list associated with the item.
4. Create a price list line for a coverage item. Click Associated Items to define unit price and percentage price based on covered items.
5. You can add one-time and recurring charges, as needed, using unit price or percentage price calculation methods for various coverage UOMs.