History
Extended warranties were the norm in North America and were growing in popularity at the time of Warranty Direct’s launch in 1997 due in part to changes in the Sale of Goods Act in 1979. With the typical manufacturer's warranty lasting only 3 years, a large number of cars did not hold any form of extended mechanical and electrical repair insurance.
When Warranty Direct began, its sole service was vehicle warranties, primarily for second-hand cars and private sales, until 1999 when Household Appliance warranties were launched.
In April 2008, a majority stake was sold to BNP Paribas' Assurance arm in the UK; Cardif Pinnacle.
Read more about this topic: Warranty Direct
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