auto insurance underwriting
asmadmin
March 07, 2010
Auto Insurance
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Tags: auto, auto insurance underwriting guidelines, auto insurance underwriting process, farmers_auto_insurance, insurance,, modeling, work
Are car warranties backed by third-party insurers?
I heard that car warranties are not backed by the car manufactuers themselves (ie, the warranty on my Chevy is not insured by GM), but by third-party insurers. Is this true and, if so,who are these third-parties? Dealers?
If true, doesn’t it negate the auto makers’ claim that bankruptcy would discourage consumers from buying their cars for fear of unbacked warranties?
If not, do manufacturers use insurance to underwrite their warranties?
A warranty is issued by the manufacturer and is underwritten by them. Certain dealerships may sell after-market warranties which are underwritten by outside providers and/or the dealership itself.
You are mixing metaphors here.
Call for Fairer Auto Insurance Practices in PA – WHP 580 AM – 2 of 4
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