Claims Toll Free Phone Number (800)-527-3426
Service Contracts - A Brief Overview
Service Contracts (also referred to as Extended Warranties or Vehicle Protection) Programs have been an integral part of the vehicle purchasing over the past forty years. Service Contracts work much like Automobile Insurance in that you are paying an up front cost to offset the potential of paying for a large repair in the future. In most cases this upfront cost is allowed to financed with our lenders at a very low interest rate.
Bourne's Service Contract History
Additional vehicle protection is an additional service and benefit we offer to our customers. It gives us and our customers peace of mind if there are unforeseen repairs in the future. We have partnered with one of the best re-insurance companies in the industry and have worked with them many years. When we entered into this partnership we knew that this would be a long-term relationship and made the decision that we felt was best for our customers. We feel it is important for our customers to know who has a vested interest in our service contracts and the role they provide.
- Bourne's Auto Center - The Selling Dealer, Service Center and 100% Stakeholder in the total premiums.
- Portfolio/Resources Management - The agent who administers all contracts and insures compliance.
- First Extended Service Corp - Claims Management Company, they handle and administer all of the claims while keeping the dealer informed of all decisions.
- Virginia Surety -The Insurance Company who backs the entire program
Claims History and Payments
| Month | Claims Processed at Bourne's Auto Center |
| March 2018 | $81,703.85 |
| April 2018 | $76,123.25 |
| May 2019 | $98,291.31 |
| June 2019 | $80,902.28 |
| July 2019 | $114,537.67 |
| August 2019 | $107,243.05 |
| September 2019 | $82,191.83 |
| October 2019 | $108,283.50 |
| November 2019 | $99,723.52 |
| December 2019 | $86,237.71 |
| January 2020 | $97,223.16 |
| February 2020 | $94,555.12 |
| Total : | $1,127,016 |
| **Average Monthly Claims Paid** | **$93,918** |
**This does not reflect any claims at outside service facilities.**
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