Sometimes it’s not just what you say, but how big you say it—at least when it comes to service contracts and warranties. While most states’ service contract and vehicle protection products (VPP) warranty laws have similar language for required disclosures in the terms and conditions, some states require unique formatting
2019 was a busy legislative year in the vehicle service contract and vehicle protection product warranty industry with 12 states passing legislation directly affecting the laws regulating these products. Below is a brief summary of the major changes made in each of these states; however, there may be other nuances
Tim Meenan and SCIC are quoted in The Mortgage Reports on the difference between homeowners’ insurance and a home warranty. The posting, written by a nationally syndicated real estate writer, discusses what a home warranty is and how it can benefit both the buyer and seller of a home. link
Meenan P.A. has assisted many clients with developing alternate plans for insurance regulatory compliance throughout the country. When insurance programs were developing a decade ago for wireless devices and phones, Meenan P.A. helped construct and implement a compliance regimen allowing the sale of insurance at thousands of retail outlets without
In November 2006 Consumer Reports ran a full page ad in the USA Today dismissing the value of extended warranties. The SCIC responded quickly with a full page ad of their own. Warranty week has just published an article looking back on that Consumer Reports ad and how service contracts have
Published in Yahoo Finance TALLAHASSEE, Fla., Aug. 26, 2016 /PRNewswire/ — This month millions of recent high school graduates head off to college for the first time, according to the National Center for Education Statistics. Parents everywhere are equipping their teens with the electronics they need to succeed in college
Tim Meenan will Chair the proceedings and be one of the featured speakers at the 7th Annual Extended Warranty and Service Contract Innovations Summit held September 28-30 in beautiful downtown Nashville. Tim will discuss new developments at the Consumer Financial Protection Bureau as well as recent state legislation covering service
Hannah Lutz published and article in Automotive News entitled Another Reason to Pitch the Value of Service Contracts. Lutz cites a recent survey conducted by AutoMD which found 74% of respondents said the cost of replacement parts would effect their vehicle purchase decisions. The article quotes Tim Meenan who suggest dealers
Kiplinger just published an article entitled “7 Things You Must Know About Warranties on Appliances: Should you pay for extended protection on your home appliances?” Yikes! Your new stove is electronic. You could play the odds You may already be covered. Ask who does the work. Check out the upstarts.
Is an all-terrain vehicle (“ATV”) a motor vehicle? In the most literal sense the answer is “yes,” but in the context of ATV service contracts the best answer is “it depends.” In some states the term “motor vehicle” is defined to expressly include ATVs (e.g., California and Colorado). Other states take