Many years ago, I purchased a extended warranty for a video camera that claimed that the warranty was good for five years. I had problems with the video camera after four years and filed for a claim. The Camera company in N.Y. told me that the insurance company that sold me the warranty closed. This was over 14 years ago.
But I was now told that if you buy a extended warranty, the insurance company has to be bonded so they can't shut down immediatley and keep your $$$$
Is this true?
But I was now told that if you buy a extended warranty, the insurance company has to be bonded so they can't shut down immediatley and keep your $$$$
Is this true?
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