The company is bankrupt. What don't you understand? The only way I would purchase the waranty is if they placed an amount into escrow equivalent to the amount needed to fix every system on the car. Why not send the money to my dog Spike in cash and he will promise to fix your car. GTS Bruce
I think the correct term is being "in bankruptcy". My point is that it is a temporary state which can terminate with becoming bankrupt or solvent. Surely it would appear that in the case of Chrysler with the intent and oversight of the federal government, there is (at least) an opportunity for financial solvency? So perhaps you can lighten up just a tad with the dogmatic presentation?
And if every insurer had to maintain "an amount into escrow equivalent to the amount needed to fix every system on the car being" to be financially solvent ... well even you'd be in debt to Spike.
More to the point of this thread, Adamlotus made the good point. The discount for extended insurance when you buy early (prior to the end of your factory policy) in your ownership is minimal. Keep those funds until 6 months (or thereabouts) before your factory warranty is to expire and then make your decision based on what's available (and call Chuck).
What's better than appropriate procrastination?