Tesla has introduced a new monthly subscription Tire and Wheel Protection Plan in the United States.
Full Article: https://driveteslacanada.ca/news/tesla-launches-wheel-and-tire-protection-plan-in-the-u-s/
Author Archives: Editor
Florida New Home Warranty Law
Effective July 1, 2025, this new statute [ Statute – 553.837 ] requires a new home builder to provide a warranty for a newly constructed home for at least one year.
This new statutory warranty states that the builder is required to warrant the newly constructed home for all construction defects of equipment, material, or workmanship furnished by the builder or any subcontractor or supplier resulting in a material violation of the Florida Building Code.
Full Statute: https://www.flsenate.gov/Laws/Statutes/2024/553.837
2025 Vehicle Service & Warranty Lifecycle Summit Series
The BIG REVEAL is here! The countdown to the 2025 Vehicle Service & Warranty Lifecycle Summit Series has officially begun — and we’re kicking it off with the announcement of our first six speakers.
Continue reading
Marubeni to Enter the Automobile Extended Warranty Business in Canada
Marubeni Corporation has invested in LGM Financial Services Inc., a Canadian provider of extended warranty products and claims processing for automobiles.
Full Article: https://www.marubeni.com/en/news/2025/release/00029.html
Brown & Brown, Inc. acquires the assets of Tire Shield
Brown & Brown, Inc. and Tire Shield, Inc. announce that Brown & Brown Dealer Services has acquired the assets of Tire Shield. The acquisition expands Brown & Brown’s administrative services for dealers and agents, providing tire and wheel road hazard products and GAP waiver products for the RV, Automotive, and Powersports industries
Full Release: https://www.globenewswire.com/news-release/2025/08/12/3132206/0/en/Brown-Brown-Inc-acquires-the-assets-of-Tire-Shield.html
Vehicle Value Protection Agreements (VVPAs) Gain Explicit Authorization Across Multiple States
The landscape for Vehicle Value Protection Agreements (VVPAs) in the United States is rapidly maturing, with a growing number of states enacting statutes that explicitly authorize the sale of these innovative financial protection products.
Continue reading
Virginia: New Warranty and Recall Protections for Dealers Signed into Law
A new law was signed earlier this year to take effect July 1, 2025, in Virginia, providing protections to ensure fair reimbursement for Virginia’s automotive technicians and dealerships performing warranty and recall repairs.
Dealer protections include:
- Manufacturers will no longer have the ability to challenge warranty rates based on their definition of reasonableness
- Protection from decreases in markup on recall repair parts
- The ability to return unused recall parts
- Strengthened protection for payment for diagnostic repair time
Full article: https://vada.com/blog/2025/03/25/new-warranty-and-recall-protections-for-dealers-signed-into-law/
Maryland HB1046: Vehicle Service Contract Technical Service Bulletin Restrictions Effective October 1, 2025
Maryland House Bill 1046, signed into law on April 22, 2025, and effective October 1, 2025, protects consumers by prohibiting certain practices, including:
- Mechanical repair contracts cannot exclude coverage solely because a technical service bulletin identifies the issue
- Vehicle Service Contract obligors/providers denying claims solely based on repairs being listed in technical service bulletins
This law significantly protects consumers by preventing certain coverage exclusions in vehicle service contracts.
Full Text: https://mgaleg.maryland.gov/2025RS/fnotes/bil_0006/hb1046.pdf
MAPconnected to Host Industry Round Robin on Improving Warranty Coverage Accuracy
Virtual event brings together OEMs and industry leaders to benchmark best practices and explore current and future technology strategies.
Detroit, MI — MAPconnected, the leading peer network for service and warranty professionals, announced its upcoming virtual roundtable:
“Improving Warranty Coverage Accuracy: Events That Determine Warrantability”, scheduled for August 14, 2025.
Continue reading
Arizona Substantive Policy Statement 2025-03 (INS)
Arizona’s Department of Insurance and Financial Institutions recently issued a Bulletin to address unpermitted entities that appear to be engaging in conduct that may require a permit issued by the Department under Arizona law. This Bulletin is intended to guide insurers on complying with Arizona Service Contract regulations.
The Department emphasizes that entities offering service contracts must obtain a service company permit.
The Department has observed a number of insurance contracts that include coverages for individual consumer products that meet the definition of a service contract under Arizona law. See A.R.S. § 20-1095(7). The coverages are being provided by insurers that have not obtained the required permit to offer service contracts. See A.R.S. § 20-1095.01.
Full Bulletin: https://difi.az.gov/sites/default/files/RegulatoryBulletin2025-03_ServiceContracts.pdf