continental Warranty told if you dont use you will get full refund Malibu Californa

Every insurance policy and extended warranty works the same on this issue. You can cancel the plan at anytime, cancellation after the first 60 days result in a prorated refund. Example someone buys a 37 month 37,000 mile warranty for $2,100.00 dollars, they drive for 6 months and put 12,300 miles on the vehicle. They have used approximately 16.66% of the plan by time and 33% of the mileage. The prorated refund would be 67% of the plan cost which would be $1,400.00 dollars. Lets says the customer had put down $245.00 and had made 5 payments of $90.00 a month. They have paid us a total of $695.00 and used $700.00 worth of our warranty and are subject to no refund, in fact they owe us $5.00 dollars.

Any warranty follows these parameters, GM, Ford, BMW, Chrysler, any of them.

I apologize if there was confusion on this, the terms of cancelling an agreement for a prorated refund are gone over on recording in the verification department and are spelled out in the contract that you have to read and agree to for 30 days prior to making your first payment.


Please feel free to contact me at lpitts@continentalwarranty.net if you would like me to go over the contract with you.

Lonnie Pitts Welcome Center Manager

Lonnie
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