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Auto Warranty Broker

108 messages,  Last post on Sep 20, 2008 at 4:15 PM

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What is this discussion about? Car Warranties


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#55 of 108
Re: Warranty Broker for 2003 Volkswagen Jetta [warranty101] by joel0622
Jun 04, 2007 (8:47 am)
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Replying to: warranty101 (Jun 04, 2007 7:57 am)

All of these third party administrators have warranty programs offered to the public by many brokers and are sold in these dealerships as "Factory" warranties, but they have the same inspection criteria, wear and tear exclusions, and fine print as the warranties sold over the internet.
 
To a certain extent what you say is accurate. The differences being that depending on your service absorption a dealer is given a limit where they do not need prior approval on claims. Also the approval through the factory is automated and does not require a rep from the service company to come buy.
 
Plus the fact that they are not a third party to the dealer or manufacture. In my case Ford Motor Company could care less if some fly by night warranty company is giving you the run around. They will tell you this is why the Manufacture offers a Service Contract. Where if you are getting the run around on a Manufactures plan they are obligated to assist you.
#56 of 108
Re: Warranty Broker for 2003 Volkswagen Jetta [joel0622] by warranty101
Jun 04, 2007 (8:57 am)
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Replying to: joel0622 (Jun 04, 2007 8:47 am)

That is all correct to some degree and depends on the company. In the case of Volvo, they will send an adjuster ANY time the claim is over $1200 and it is not automotated. GM has had an automated system if the claim is under a certain amount, Chrysler is an online system. Not all dealers has a set limit they can spend in the case of third party administrators. On true factory programs, Nissan for example, they do have a set limit without approval. The only point I am trying to make is, not all "Factory" programs are that, several are no different than a policy sold to you over tghe internet or by a non-franchised used car lot.
#60 of 108
2005 Mercedes C55 AMG extended warranty HELP by thaitravellr
Jul 09, 2007 (4:30 pm)
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I have a C55 running out of factory warranty in 6000 miles. I got into a crappy balloon loan and can't get out in one piece for another 2.25 years. I expect to put 70K miles on the car by then. I am really thinking about an extended warranty, but the dealer priced it at almost $6000!!! Is there a decent aftermarket add on warranty available, or do I simply hope and pray for 2 more years sans breakdowns? Thanks, Adam
#61 of 108
Re: Warranties 4 Wheels did the job for me! [drtbgted] by autogirl4
Jul 24, 2007 (11:32 am)
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Replying to: drtbgted (May 04, 2006 7:54 am)

There are two sources for extended warranty's. One is a risk retention group (RRG) which is a private company backed by an insurance company or reinsured by an insurance company. This is the majority of the extended warranty companies you access through the internet. Those insurers or reinsurers are only backing the people in business, so if they go out of business they have their money, the policy holders on the other end are not protected. They aren't federally regulated.
 
You want to go through an insurance company. These are federally regulated (by an Insurance Commissioner) and don't feature the limit of liabilty, labor cap and headaches you find with RRG plans. I recommend Auto Warranty Broker because they broker for 3 insurance companies-American Mercury, Great American and General Fidelity (Bank of America's underwriter). You are a direct policy holder of the insurer you select. They are all AM BEST A rated insurance companies.
 
Go to www.extendedautowarrantytips.com for more information on this.
#62 of 108
Go with an insured plan by autogirl4
Jul 24, 2007 (11:34 am)
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Replying to: drtbgted (May 04, 2006 7:54 am)

There are two sources for extended warranty's. One is a risk retention group (RRG) which is a private company backed by an insurance company or reinsured by an insurance company. This is the majority of the extended warranty companies you access through the internet. Those insurers or reinsurers are only backing the people in business, so if they go out of business they have their money, the policy holders on the other end are not protected. They aren't federally regulated.
 
You want to go through an insurance company. These are federally regulated (by an Insurance Commissioner) and don't feature the limit of liabilty, labor cap and headaches you find with RRG plans. I recommend Auto Warranty Broker because they broker for 3 insurance companies-American Mercury, Great American and General Fidelity (Bank of America's underwriter). You are a direct policy holder of the insurer you select. They are all AM BEST A rated insurance companies.
 
Go to www.extendedautowarrantytips.com for more information on this.
#63 of 108
Re: Warranty Broker for 2003 Volkswagen Jetta [warranty101] by luvmybenz
Jul 26, 2007 (1:52 pm)
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Replying to: warranty101 (May 16, 2007 9:30 am)

Thank you. I took your advice and found a great warranty at a very fair price. After days of researching different companies and contracts I was able to make the best decision. I went with these guys:TCB Warranty very helpful in explaining the details of the coverage and didn't call me 3 times a day pressuring me. I hope I never have to use it, but if I do I know these guys will take care of me.
Tristan H.
#64 of 108
Re: Warranty Broker for 2003 Volkswagen Jetta [luvmybenz] by joel0622
Jul 26, 2007 (2:12 pm)
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Replying to: luvmybenz (Jul 26, 2007 1:52 pm)

I don't think I could ever bring myself to buy anything from a company that has Elvis plastered all over there website. Not that I have anything against Elvis, I just don't see what the connection is.

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