Are the extended vehicle warranties insured?
Yes, most states require companies that sell extended vehicle warranties to be insured. You should look for a company that is backed by an A rated insurer. I have an extended vehicle warranty for an old Hyundai. Claims are administered by the American Auto Shield which is backed by an A rating from A.M. Best. You should always look for the rating of the insurance company that backs up your extended vehicle warranty.
Our automotive extended warranty protection involves 3 layers of consumer protection; the administrator, the insurer and the reinsurer. With Warranty Direct, you can be sure we’ll be here when you need us. As the consumer division of Interstate National Dealer Services, we administer our own claims, have 28 years of experience, have sold nearly 2 million vehicle service contracts and paid out over $500,000,000.00 in claims. The administrator is the company that pays your claims. We have been named to the Forbes Magazine list of the “Top 200 Companies” three times. Financial stability was the major factor considered by Forbes in naming companies to this prestigious list. The combination of a financially strong administrator and two insurance companies make your investment in Warranty Direct completely safe. The key item to bear in mind, however, is the strength of the administrator. Simply put, if they fail, you’ll be out of pocket until the insurer reimburses you. You’ll be hard presse
Our extended car warranty protection involves 3 layers of consumer protection; the administrator, the insurer and the reinsurer. With Warranty Direct, you can be sure we’ll be here when you need us. As the consumer division of Interstate National Dealer Services, we administer our own claims, have nearly 30 years of experience, have sold over 2 million vehicle service contracts and paid out over $500,000,000.00 in claims. The administrator is the company that pays your claims. We have been named to the Forbes Magazine list of the “Top 200 Companies” three times. Financial stability was the major factor considered by Forbes in naming companies to this prestigious list. The combination of a financially strong administrator and two insurance companies make your investment in Warranty Direct completely safe. The key item to bear in mind, however, is the strength of the administrator. Simply put, if they fail, you’ll be out of pocket until the insurer reimburses you. You’ll be hard pressed
