Complaint Review: Bankers Warranty Group - St. Petersburg Florida
- Bankers Warranty Group 360 Central Ave St. Petersburg, Florida United States of America
- Phone: 877-226-6634
- Web:
- Category: Warranty Companies
Bankers Warranty Group - BWG Warranty not honored...they cash out their claims rather than providing services advertised. St. Petersburg Florida
*Consumer Suggestion: Join the Club
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This report was posted on Ripoff Report on 07/20/2010 04:46 PM and is a permanent record located here: https://www.ripoffreport.com/reports/bankers-warranty-group/st-petersburg-florida-33701/bankers-warranty-group-bwg-warranty-not-honoredthey-cash-out-their-claims-rather-tha-625280. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#1 Consumer Suggestion
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AUTHOR: IntheKnow - (USA)
SUBMITTED: Tuesday, July 27, 2010
Guess what - this is par for the course.
Your warranty "benefits" you listed from the brochure are in print only and serve as a marketing ploy.
Extended warranty (service plan, etc) administrators cut deals with repair companies. If there is not a solution to bring your product to them, then they have no choice but to "buy you out." Onlt the fine print in your Terms and Conditions will state if you should have gotten fair market value for the unit with no strings.
"Peace of Mind" - they all say it - no such animal with the hassles of extended plans.
"No out of pocket expenses.........." Technically there was no diagnostic fee - but that didn't impede your getting ripped off.
"Nationwide service" - only their "contracted" servicers. Unfortunately, you lose.
As with all extended plans, if you have to read the fine print and need an attorney to interpret, it ain't worth the paper it was printed on.
I say you should have gotten fair market value replacement as the intent of the program. Contact your 1. BBB and file a complaint. 2. State Division of Consumer Affairs with a copy to the State Attorney General. Get the District Manager or Business Owner for the retailer and tell him what steps your are taking. Watch them scurry!! You should get action. Good luck.
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