Cancel My Warranty LLC
5377 State Hwy N Suite 351
Cottleville, MO 63304
Hours of Operation7AM-8PM Every day of the week
Cancel My Warranty LLC opened for business October 1, 2020. We have nearly 15 years experience with aftermarket car warranties and other services and have been on nearly every end of the business from sales to csr, administration, retention, and accounts receivable and payable.
Simply put, consumers do not ask for their refunds. Nearly every policy is pro-rate refundable. They are most often bought in 3-7 year terms with mileage limits as well. If a consumer trades, sells, totals, gifts or cancels the policy for any reason and there is unused term left, there is refund due. Unlike the regulated insurance world, it is not required to simply refund the consumer. All plans have fine print and require written notice for refunds to be sent. In that industry it is “don’t ask, don’t tell.” It’s estimated nearly 70% of consumers that are due money never receive their refunds.
Therefore, there are hundreds of millions of dollars left behind by consumers. I am not exaggerating the number. IBIS put the extended warranty industry at $19 billion for 2019 alone. These companies operate on funds that have no statute of limitation to collect upon and its been this way for nearly 20 years.
Where do we come in? Cancel My Warranty helps in many ways. 90% of consumers have absolutely no clue the who, where, or what of what they had, or purchased. We help with tracking down and locating the plans. We handle contacting the companies to obtain the customer's info. We also handle the cancelation if not done. From there we track the refund process.
We have found policies that are due money back nearly 2 decades ago. We jump through the hoops and cut through the red tape for the consumers.
Along with the cancelation and refund recovery, we do provide assistance and advice for those that are purchasing or already carry coverage. Our expertise have helped consumers lower their payments and save money on their plans and make the right buying decision when setting up a new plan.
Our mission is to help the consumers that are due money back retrieve what is rightfully theirs and make sure those with coverage are educated and have the ability to understand what it is that they are purchasing.