Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Smart Shopper Extended Warranties
2873 messages, Last post on Dec 02, 2009 at 2:13 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
Edmunds article: Third-Party Extended Warranty Scams
|
Replying to: bekins2 (Oct 01, 2009 11:51 pm)
|
|
|
Replying to: deltheking (Oct 01, 2009 9:15 am) If a buyer takes a couple extra minutes to find out if the the warranty provider is the same comapny as both the administrator and insurer, if all those entites are A rated or better by AM Best, if the company is long running and well capitalized they are just as good as a manufacturer. The examples always sited do not meet these tests. I know for a fact that name brand companies like the ones I have described pay out 75-80% of premiums in claims - just as manufacturers do. Bottom line - do your homework. Fire away, guys
|
|
|
Replying to: deltheking (Oct 01, 2009 11:41 am) |
|
|
Replying to: carnetguy (Oct 02, 2009 4:29 am) No business can survive with 20-25% markup. Have a link to back up this figure? Warranty Gold was AMBest rated A+ a couple of months before they folded. They were also around for about 20 years. |
|
|
Replying to: bekins2 (Oct 01, 2009 11:51 pm) |
|
|
Replying to: carnetguy (Oct 02, 2009 4:19 am) Look up your vehicle class... Exa, my Saturn Outlook 2008 with less than 12000/12 months is now a class C3... When I purchased in August just before my 12 months was up it was Class C http://www.gmoutlet.com/gmpppriceindex.html |
|
|
Replying to: mitzij (Oct 02, 2009 6:33 am) Also Warranty Gold was not Am Best rated at all - the insurance company that backed those contracts was. I would have to check but it was likely a risk retention group and not an insurance company at all. An RRG acts as an insuror but is not subject to the same reserve requirements of a true insurance company and is generally grossly undercapitalized. |
|
|
|
|
Replying to: carnetguy (Oct 02, 2009 12:18 pm)  Chrysler CEO can say his cars are the most reliable on this planet.Is it true?? Hell no.Anyone can say anything he wants. But the bottomline is always the same--3rd party warr is junk!  link title |
|
|
|
|
Replying to: carnetguy (Oct 02, 2009 12:18 pm) here`s the link: link title |
|
you shouldn't have bought that vehicle in the first place. 
|
|
You are here:
Forums
Smart Shopper Extended Warranties
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
Browse by Board
Browse by Topic
Today's Chats
