Warranty Gold Bankrupt
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Joined: Jan 2003
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From: Connecticut
Warranty Gold Bankrupt
Just read this on another board. (Durango board)
http://www.warrantynews.com
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EXCERPT from news release:
As a result of National Warranty's liquidation and the inability to quickly recover funds sufficient to either pay all of the repair claims or prorated refunds accruing under the contracts issued prior to June 7, 2003, Warranty Gold has sought the protection of Chapter 11, Title 11, of the United States Code. The reorganization case was filed on November 11, 2003 in Austin, Texas. Judge Frank Monroe presides over the reorganization. The case number is 03-15721.
As of today, Warranty Gold operates under the supervision and authorization of the federal court. All extended warranty contracts sold today (as well as those contracts sold after June 7, 2003) are fully effective and enforceable.
However, if you bought an extended warranty contract prior to June 7, 2003, your contract is no longer effective. Those contracts that were backed by National Warranty are not in force and cannot be relied upon to pay repair claims. Further, as of November 12, 2003, those contracts have been effectively terminated by order of the federal court.
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Just thought you guys would want to know.
http://www.warrantynews.com
----------------
EXCERPT from news release:
As a result of National Warranty's liquidation and the inability to quickly recover funds sufficient to either pay all of the repair claims or prorated refunds accruing under the contracts issued prior to June 7, 2003, Warranty Gold has sought the protection of Chapter 11, Title 11, of the United States Code. The reorganization case was filed on November 11, 2003 in Austin, Texas. Judge Frank Monroe presides over the reorganization. The case number is 03-15721.
As of today, Warranty Gold operates under the supervision and authorization of the federal court. All extended warranty contracts sold today (as well as those contracts sold after June 7, 2003) are fully effective and enforceable.
However, if you bought an extended warranty contract prior to June 7, 2003, your contract is no longer effective. Those contracts that were backed by National Warranty are not in force and cannot be relied upon to pay repair claims. Further, as of November 12, 2003, those contracts have been effectively terminated by order of the federal court.
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Just thought you guys would want to know.
Originally posted by reiver
I thought my extended warranty was through Nissan? I will have to check my paperwork...
I thought my extended warranty was through Nissan? I will have to check my paperwork...
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Joined: Jul 2003
Posts: 3,407
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From: Allen, TX
Man, I got lucky again!!!! I am under Nissans Security+Plus program, Gold Preferred. I have my service card from nissan, along with two roadside assistant cards for my walet and car. I have a pamphlet with my Vin, policy #, and transfer card incase I want to sell it to another person.
Say I dont want the warranty, I sell it and the person doesnt want to pay extra for the NISSAN warranty, and it is within the factory warranty I can return it for a full refund.
Warranty Gold I thought was an aftermarket warranty. I dont know what your dealers are trying to pull???
Say I dont want the warranty, I sell it and the person doesnt want to pay extra for the NISSAN warranty, and it is within the factory warranty I can return it for a full refund.
Warranty Gold I thought was an aftermarket warranty. I dont know what your dealers are trying to pull???
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