With all the uncertainty in today?s market it is more important than ever to ensure you are dealing with a financially stable company, especially on the internet. Some states regulate the sale of Vehicle Service Contracts, they have already made that research a lot easier for the consumer.

In order to circumvent these special licensing requirements set forth, there has been a recent influx of product warranties being offered on the internet by a variety of extended warranty brokers. Product Warranties are not licensed, are not closely regulated, and do not have to be guaranteed by an insurance company. Even if a product warranty purports to be backed by an insurance company, the insurance company may not be licensed, financially strong, or actually back the warranty.  Read more...

1 Comment »
Filed under: Auto Warranty Industry News, Consumer Affairs, Extended Car Warranty Contracts, Researching Auto Warranties, Scams, Warranty Direct