There is a problem in the third-party warranty market that you will not have to worry about with CARCHEX: rip offs. The Internet is full of scam artists of all stripes. Few things are more lucrative to exploit than a person’s sense of security, and unfortunately this activity can cast a dark shadow over the entire industry. By relying on CARCHEX, you can avoid these problems.
Legitimate Warranty Providers Have Longevity
By their nature, fraudulent companies do not last long. They make promises that they never intend to keep. This practice eventually gets exposed, complaint forums fill up with reports, investigations are made, and the company is forced to close its doors. CARCHEX has been around for over 10 years and that is because we deliver on our end of the contract.
As an example, many fly-by-night warranty companies promise “the same coverage” for unreasonably low rates. Because of these astronomically low rates, the warranty company simply will not have the money to honor a claim. Many unwary consumers bite this hook and never realize that they are being ripped off until they actually have to make a claim or until the provider is no longer in business.
Demand to See Your Warranty Contract Before You Pay
Transparency is not a strong suit with con artists and for good reason. If you see what you will be obligated to and what they will be obligated to before you close the deal, their game is already lost. If a warranty company refuses to show you the contract before you sign, run away fast. They may not be obligated to show you the contract unless you ask, but flat denial or trying to wriggle out of it is a sure sign of a scam.
One thing that most people are not aware of is that the contract has to be written in plain language that most people can understand. Sometimes, that can be difficult to achieve for even honest providers. In any case, if any part of your contract is confusing, make sure you get an explanation because it could be a loophole for the provider. Unlike CARCHEX, rip offs will try to use the most complex and convoluted language possible so that you will remain confused about how they can get out of honoring your contract.
