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How can I be assured that my new and used car extended service contract claims will be paid in the future?

April 26, 2017assured car contract extended future paid service Used

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How can I be assured that my new and used car extended service contract claims will be paid in the future?

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All extended service contracts that we offer are insured, and the administrators maintain a future claims reserve for all policies to cover repair costs. A percentage of premiums paid by all new and used car extended service contract holders are deposited into an account that is used strictly to pay future claims.