|OLD WAY||NEW WAY|
|Finance Fees||YES||NO Interest|
|Companies Involved||Middleman Broker, Finance Company Administrator, Associations, and Insurance Companies||We do not work with
3rd party insurance
|Sales Tactics||High pressure and misleading
|No Pressure Sales|
|Cancellation / Refund Process||Complicated cancellation process, long wait for refunds||Simple|
|Company Profile||Small broker companies,
startups with financial
|Backed by a company rated “A” (excellent by A.M. Best company)|
|Customer Service||The sale matters not the customer||We Focus on Customer Satisfaction|
All plans require a mandatory Waiting Period before coverage takes effect, which starts from the contract purchase date and vehicle's odometer mileage at contract purchase date. Covered services are also subject to a $100 deductible, per visit. See Registration Page and terms and conditions for full coverage details.
Not all vehicles are eligible for coverage; discuss with your Toco Warranty representative to confirm your vehicle's eligibility. Plans referenced herein are not contracts of insurance; they are Vehicle Service Contracts (except in Alaska, California and New Jersey, where the plans are sold as mechanical breakdown insurance, which is not the same as bodily injury/property damage liability automobile insurance that may be required by your state). Click here for information regarding the plans available in Alaska, California, and New Jersey.Plans are not available in Missouri and Washington. Information provided herein is for illustration/summary purposes only. Terms and conditions apply; contact Toco Warranty for a copy of the full terms and conditions of the plans referenced herein.
Vehicle Service Contract coverage is provided and administered by Warrantech Automotive, Inc. In the following states, coverage is provided by: in Florida – Wesco Insurance Company (as obligor and administrator), 59 Maiden Lane, 43rd Floor, New York, NY 10038, License #01913 and Toco Warranty Corp. (as seller), 10960 Ventura Blvd., Studio City, CA 91604, License #W139014; in Oklahoma – Warrantech Automotive of Florida, Inc. (as obligor), P.O. Box 959, Bedford, TX 76095. We are not affiliated with any manufacturer or dealership.