National Guarantee customers without liquidation of protecting leaves
Like thousands across the country, JoAnn Ness and David Hung thought they were buying peace of mind, if it prolongs purchased service contracts for its two cars.The factory warranty on their cars were nearing completion.
But if the Round Lake Beach, Ill., couple recently a right to fix an oil leak, she said that the company contracts guarantee underwriting National Insurance Co. was insolvent.
“Not only are we the $ 2,880 (for contracts), we will immediately $ 1200 for leaking oil,” said a frustrated JoAnn Hung Ness.
National Warranty’s problems mean that hundreds of thousands of consumers in the USA, their contracts can not obtain a refund for repairs in their cars or refunds, liquidated as the company is a process that will take months.
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