DID YOU KNOW...
If you sell uninsured extended warranty contracts to your customers...
You are responsible to pay all the claims if the warranty company goes bankrupt or closes their doors..
The dealership is also required to...
Post a letter of credit ranging from $100,000 to $500,000.
In many provinces it is illegal to sell extended warranty contracts to your customers...
If it is not insured by an insurance company.
You are responsible to pay all the claims if the warranty company goes bankrupt or closes their doors..
The dealership is also required to...
Post a letter of credit ranging from $100,000 to $500,000.
In many provinces it is illegal to sell extended warranty contracts to your customers...
If it is not insured by an insurance company.
