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Motor Codes Update


Sep 01 2012

Motor Codes Temporarily Suspends Vehicle Warranty Product Code

Taken from the Motor Codes Website (http://www.motorcodes.co.uk/garage/the-codes/vehicle-warranty-products.html)

"A recent case of retail business failure has highlighted that the security of ring-fenced funds - those set aside to cover policy payouts - could not always be guaranteed once a retailer is placed in the hands of a court appointed administrator or liquidator.

Motor Codes and its subscribers are committed to maintaining the highest levels of protection for motorists and have taken the voluntary step, backed by the Office of Fair Trading, of temporarily withdrawing the warranty code to fully investigate its effectiveness.

We are working with the Office of Fair Trading and our automotive industry partners to develop a robust set of guidelines for responsible warranty retailers.  Once this is in place, we will reinstate the warranty code, so motorists choosing a Motor Codes-backed warranty product have maximum protection and clear expectations of the customer service offered by their warranty provider."

 

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