Quote:
|
Originally Posted by OnTheFly
New HCH arriving soon, and took care of the paperwork today since I was in the area. I see there are great deals to be had with the HondaCare warranty, but Florida is not a player...
6/120k = $1600
8/120k = $1920
Manager says prices are not negotiable thanks to Florida warranty laws. Any other Florida owners find a work around?
Help!
|
Unfortunately Florida treats extended warranties and service contracts as Insurance policies.
As such they require a guarantybond to be posted for each policy, sometimes in excess of $1 Million. Because of this, the rates in Florida will always be higher and many companies (from Electronics to Automobiles) simply won't write a contract in Florida.
You can bet that bond cost is included in those Florida rates.
(Just to understand, such a guaranty bond for say $1 Million, does not cost a huge amount but it can cost a few hundred dollars per policy...)