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Smart Shopper WarrantyWarehouse.com - BE EXTREMELY CAREFUL
34 messages, Last post on Sep 06, 2007 at 4:58 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
| didn't say it better myself! | |
| St. Charles is not rated but the policy is Reinsured by an A rated Company....Once again, one must go with their 'gut feeling' and I know I made the right decision. If I am wrong, I will let you know!! | |
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| Are you familiar with reinsurance? Do you know when that reinsurance will kick in? I doubt you are. | |
| Being an Accountant i Know what Re-insurance is!! In fact, if you do your research properly not a single RRG based in the US has fallen. NWIG was based in Cayman Islands (1st mistake I made) and due to that left their consumers unprotected. Do your research and chose the compnay that best for you, I chose WarrantyWarehouse and have had 2 claims paid hassle free. Maybe they are not right for you, but they have done me right!! | |
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is why take the chance? This is my/yourmoney we're gamling with here - not some unnamed client. |
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When one touts a company so much, one is either an employee, commissioned sales agent [referral fees], or scared to death that the company they paid will go out of business. Over the years these boards [not just Edmunds] have been full of shills. Everyone has an agenda! Not saying that is the case, but for every negative [concern] from the moderator and myself, a positive reenforcement balances us out. That said I had a great experience with TRW [before they went out of business] my $1,000 returned over $8,000 in 2 years...[back in 96-97] Most don't realize that these service contracts worked in the past because of inflation and the high returns on your invested premiums .In todays low interest rate enviroment the old $1,000-$1,500 premiums won't work. An acurarial accurate number would mean these policies should cost $2500 for 100k term. Saw one policy for a Range Rover that was $4300 for 100,000 miles, they probably will stay in business and pay off. |
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Refuses to sell warranties for anything built by Rover for any price. That should speak volumes! 4300.00 probably isn't enough for such a troublesome vehicle. |
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| If you don't mind taking the time, tell us about the reinsurance Warranty Warehouse has on the policies. Thanks! | |
| I don't care too much for auto warrantys, but I was looking around for my sister. I called a few companies. Some better than others. This company sounds like canned salesmen selling cars. All they do is put down other companies selling similar products and try to tell you they are the best. Their reinsurnace company is St. Charles, which has only been around only for a few years. They just started selling these warranties around 2 years ago. They claim in business since 1983 according to BBB report.You can tell their operators are paid by commission and really don't care about us. I will probably have my sister go with either her credit union or back to the dealer. They say buyer beware. | |
| discussion is reactivated by request. | |
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