S.C. Places Capital Assurance Risk Retention Group in Receivership

November 16, 2007

  • June 11, 2008 at 11:46 am
    les brewer says:
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    I to am getting the walk around the block for the hundredth time.I bought a policy 12/30/05, had a claim Nov. 2007 was told 3 different stories how the claim is being reviewed …. still no check. i paid $2100.00 for the auto repair. i’m waiting for a small reimbursement of$1456.00 after all the B.S.of this isn’t covered ,that ain’t either.The policy clearly states all paid with corporate card…RIGHT. another sucker.

  • September 22, 2008 at 10:27 am
    Joyce says:
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    We bought a 2004 Ford Free Star Van in 2005. Also puchased an extended warranty that covered bumper to bumper for 70,000 miles or so.
    This car was sold by Paramount Volvo Co., Hickory, NC. About a year 1/2 later, the owner sold this dealership but remains in town; owning Paramount KIA.
    Our problem is with the ABS/TRAC Control Braker System (serious business for a big vehicle). We had a repair to this brake syster a yr. later Oct.2006; wasn’t covered by warrenty.
    Then Jan. 2008 we had the whole ABS/TRAC control system replaced;covered by warranty but cost us out of pocket $1596.00…..no compensation for this.
    2nd time ABS system went out July 2008;dealer replaced no charge but trouble with bleeding brakes.
    WAIT………Sept.10th ABS system out again …..this makes THIRD time. No charge but car is still in service shop today Sept 18th………3 Times……
    Had one call from Paramount KIA in June and have heard nothing since then. No hint of re-imbursement but mentioned pro rating and canceling Extended Warranty Contract. We are still paying Sun Trust Bank our car payments, which includes the warranty amount.

    I WISH SOMEONE KNEW HOW TO START A CLASS ACTION SUIT FOR ALL OF US.

    This is what happened to the Stock Market.
    Have you read why the warranty companies didn’t have the money to pay their claims, if not please read it online.
    We are 70/71 yrs old and live on fixed income.
    I wrote the website and received a reply a while back; short of hiring an attorney we cannot advise you on action.

    Thanks for listening. Good Luck to all of us. Currently dealer has loaned us a rental car at small chg.
    Joyce

  • October 20, 2008 at 7:31 am
    Mark says:
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    Well guys looks like the joke’s on us. $2300.00 for an extended warranty. Out of pocket for failed transmission- $2200.00.
    Plenty of paperwork and phone calls.
    Amount of reimbursement- 0-
    Wasted time- can’t be calculated !
    Never ever purchase an aftermarket warranty !!!!!

  • December 30, 2008 at 5:47 am
    brenda says:
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    Needless to say after purchasing the extended warranty,I needed repairs on my 2 year Mercedes ( milelage 60,000 out off dealer warranty )no problem ‘I have the extended warranty’ oh no they are what, and where with my $4000 ? You’d think the dealership in St.Petersbrg, Florida would back their car ( not the extened warranty from National, not their fault) because it is a repeat customer and customer service is dollars in the bank later ! NO I’m on my own with these repair bills ! Now will I get interest off the money owed to me when it finally settles in court, probably not.I

  • December 31, 2008 at 11:37 am
    lauri says:
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    you have no options you will never get your money I have waited for 2 1/2 years with nothing The dealer Andy Sims sucks and the warranty company sucks

  • January 11, 2009 at 1:04 am
    RUSSELL LAWRY says:
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    LONG ISLAND,NEW YORK : I OWN A 2004 CHEVY TRAILBLAZER WITH 80,000 AND THE TRANSMISSION GOES. PAID 1800.00 FOR MY WARRANTY IN 2006 AND LIKE EVERYONE ELSE, NO COVERAGE FOR REPAIRS; EXCEPT OUT OF MY OWN POCKET. APPARENTLY THE OWNERS TOOK OFF WITH A GOOD PORTION OF THE COMPANY’S FUND AND DISAPPEARED! NO WONDER THE AMERICAN ECONOMY IS IN THE “SHITTER”. THE FUNNY THING IS THAT THIS COMPANY IS STILL SOLICITING FOR NEW CUSTOMERS

  • March 28, 2009 at 2:38 am
    ohio avalanche says:
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    keep calling the sc. dept of insurance,and the number on your warranty and put pressure on them,eventually they will pay up to get us off thier back.

  • March 28, 2009 at 3:13 am
    Jim Armstrong says:
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    I have continued to call S.C. but get no clear answers to when to expect some resolve.

    $3,100.00 covered claim plus $2,300.00 premium paid for this warranty!!!

  • July 13, 2009 at 3:46 am
    scotty manns says:
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    why isnt the courts putting people in jail this is no differnt than robbing a bank or is it a payoff to sc judges and lawers ill show up at their door if anyone else will

  • July 21, 2009 at 1:37 am
    Sharon Johnson says:
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    I purchased from the dealer an Ultimate policy for $3075. When I tried to file a claim for repairs, I was told to pay for the repairs and Ultimate would reimburse me. The claim is still unpaid (1/2007). I called the dealer and explained what had happened and that Ultimate was in receivership. The dealer’s tried to sell me another policy for $1800. When I said no way, I was assured that the new policy was a really good one! Talk about no dealer responsibility!!



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