1SourceAutoWarranty.com Bankrupt. We Need Your Help

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Steve Horrillo - 04 Apr 2006 13:17 GMT

Our extended warranty company 1SourceAutoWarrantee (reinsurer is Primeguard)
went insolvent. We are looking for members for a class action suit and to
discuss ways of trying to recoup our losses. I started a Yahoo group. If you
can help or have been burned, post to 1SourceClassAction@yahoogroups.com. To
join or view previous messages go to
http://groups.yahoo.com/group/1SourceClassAction/

Official info from the State can be found at
http://www.hawaii.gov/dcca/areas/ins/ins_div_actions/primeguard/

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Warmest regards,

Steve

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Elmo P. Shagnasty - 04 Apr 2006 20:12 GMT

> Our extended warranty company 1SourceAutoWarrantee (reinsurer is Primeguard)
> went insolvent. We are looking for members for a class action suit and to
> discuss ways of trying to recoup our losses.

Suck it up and accept that you screwed up and your money is GONE.

Life isn't fair, not everything is perfect, you take your chances and
you pay your money.

You probably had the opportunity to buy the manufacturer's extended
warranty, but you thought it was "too expensive" and so you went with
the "value" package instead because it was CHEAPER.

You got what you paid for. You gambled--and you lost.

Waaaaaaah.

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Max C. Webster III - 05 Apr 2006 04:15 GMT

"Elmo P. Shagnasty" <elmop@nastydesigns.com> done said:

>> Our extended warranty company 1SourceAutoWarrantee (reinsurer is
>> Primeguard) went insolvent. We are looking for members for a class action
[quoted text clipped - 12 lines]
>
> Waaaaaaah.

Yes, how dare Steve think that if he contracted and paid for something that he
should actually get it.

The gall!

Blow it out your a.s, Elmo. He bought insurance, not lottery tickets.

- Max -
=======
My vision would turn your world upside down,
tear asunder your allusions and send the
sanctuary of your own ignorance crashing
down around you. - Huey Freeman

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Seth - 05 Apr 2006 13:12 GMT

> "Elmo P. Shagnasty" <elmop@nastydesigns.com> done said:
>
[quoted text clipped - 22 lines]
>
> Blow it out your a.s, Elmo. He bought insurance, not lottery tickets.

But that's the point. By going with a relatively unknown/3rd party warranty
provider he may just as well have played the lottery. $1000 in tickets is a
better shot at winning enough to buy a new vehicle should something happen.

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Zombywoof - 05 Apr 2006 14:08 GMT

>"Elmo P. Shagnasty" <elmop@nastydesigns.com> done said:
>
[quoted text clipped - 21 lines]
>
>Blow it out your a.s, Elmo. He bought insurance, not lottery tickets.

Butttttttttttttt, the type of insurance he bought was about as
valuable as a lottery ticket. When you deal with low-end companies
based on price as opposed to value, you get what you paid for.

I've pretty much always felt that if I thought I was going to need an
extended warranty on anything, that perhaps I should research the
product a little bit better and see if there is a better one in the
marketplace.

Signature

For choosing to fight, one gets the horrors or war, stress, and possibly
death.
For choosing not to fight, one gets subjugation, humiliation, and
possibly death.
Choose your fights carefully.

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Max C. Webster III - 06 Apr 2006 05:20 GMT

"Zombywoof" <Zomby-Woof@cox.net> done said:

>> "Elmo P. Shagnasty" <elmop@nastydesigns.com> done said:
>>
[quoted text clipped - 30 lines]
> product a little bit better and see if there is a better one in the
> marketplace.

Well, I never said extended warrantees were worth a damn, but that's not really
the point. Regardless of whether the company is good, reputable, whatever, if
one contracts and pays for coverage, and the company cannot provide that
coverage, then they company is in default, and one is entitled to damages.
Whether or not there is any money left after the priority UCC claims are
settled are another thing. Such a class action suit will likely be a waste of
time and effort, and I doubt a good lawyer would take it.

Again, not the point. Whether Steve made a wise choice in the coverage he
bought (he didn't) is immaterial. Whether he got what he paid for (he didn't)
is.

- Max -
=======
My vision would turn your world upside down,
tear asunder your allusions and send the
sanctuary of your own ignorance crashing
down around you. - Huey Freeman

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Ritz - 04 Apr 2006 23:03 GMT

> Our extended warranty company 1SourceAutoWarrantee (reinsurer is Primeguard)
> went insolvent. We are looking for members for a class action suit and to
[quoted text clipped - 5 lines]
> Official info from the State can be found at
> http://www.hawaii.gov/dcca/areas/ins/ins_div_actions/primeguard/

Unfortunately, the is an all-too-common occurrence with aftermarket
warranties, especially in the consumer electronics industry. Good luck
squeezing blood from that stone. Chances are that most of that cash is
offshore somewhere already and it is rare that consumers get any
satisfaction from these cretins...

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Kruse - 05 Apr 2006 00:23 GMT

Save your money and just cut your losses. They went bankrupt and the
owners/operators are long gone. Just who are you going to sue? The only
person getting money from your lawsuit will be your lawyer. These
aftermerket extended warranties have been nothing but trouble since
some crook dreamed them up. Live and learn.

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