Secured Warranty Providers

When selling extended warranty, dealers are required to ensure they comply with all requirements under the MVDA. Dealers can only sell extended warranty products that are secured or insured.

It is the dealers responsibility, to provide accurate information to their consumers. To achieve this, dealers have the option to clearly distinguish between secured warranties and underwritten warranties when communicating product and service details to consumers. This practice not only ensures transparency but provides consumers with truthful and accurate descriptions of the products to make fully informed decisions.

Extended warranties must be insured by a company licensed under the Insurance Act. Alternatively, dealers opting to sell uninsured warranties can mitigate risks by providing a letter of credit to OMVIC. In the event that a warranty company goes out of business and the sold warranty does not meet specified requirements, the dealer assumes responsibility for all claims under the warranty.

Contracts for extended warranties and service plans must include specific information and be signed by both parties. Purchasers must receive a copy of the contract immediately after signing.

Within seven days of selling a warranty or service plan, dealers must furnish the warranty or service plan provider with all relevant documents, including contract details and received payments. For extended warranties, a statement describing the condition and mileage of the motor vehicle must be provided if available.

Dealers must ensure compliance with all MVDA requirements when selling extended warranties. They are permitted to sell only those products that are insured or for which a letter of credit has been provided to OMVIC. Clearly communicating the nature of secured warranties versus underwritten warranties can further enhance transparency and align with the legal obligations imposed on dealers.

Dealers must ensure compliance with all MVDA requirements when selling extended warranties. They are permitted to sell only those products that are insured or for which a letter of credit has been provided to OMVIC.

Registrants can verify whether a warranty company is secured by an LOC by contacting the Industry Standards & Conduct Department at 1-800-943-6002. Selling warranties from unapproved providers will result in compliance action.

Clearly communicating the nature of secured warranties versus underwritten warranties can further enhance transparency and align with the legal obligations imposed on dealers.

LOC Type Company
Letter of Credit – Warranty Pinewood Park Motors Inc
Letter of Credit – Warranty Peterborough Volkswagen Ltd
Letter of Credit – Warranty Lions Auto Protection
Letter of Credit – Warranty Caledon Chrysler Dodge Jeep Ram Inc. O/A Carhub Caledon Chrysler/National Auto Sheild Warranty
Letter of Credit – Warranty 401 Auto Rv Canada Inc.
Letter of Credit – Warranty Track Warranty Inc.
Letter of Credit – Warranty 2567383 Ontario Inc. O/A Kia Yorkdale
Letter of Credit – Warranty 1301152 Ontario Inc. O/A Toronto Hyundai/Genesis Yorkdale
Letter of Credit – Warranty Scarborough Auto Group Inc. O/A Octane Used Cars / Creditland  / Motorspot
Letter of Credit – Warranty Lamco Inc.
Letter of Credit – Warranty Car Central Inc.
Letter of Credit – Warranty Les Produits Avantage Plus O/A Les Produits Avantage Plus
Letter of Credit – Warranty Chris Taylor Auto Sales Ltd O/A Automaxx Pre-Owned Car Center
Letter of Credit – Warranty Bayview Auto Sales Inc. O/A Aap Warranty / Bayview Auto Sales
Letter of Credit – Warranty Davey Auto Sales Ltd.
Letter of Credit – Warranty A-Protect Warranty Corp
Letter of Credit – Warranty Naawa Corporation O/A Autogard Advantage
Letter of Credit – Warranty Sal Marketing Inc
Letter of Credit – Warranty Auto-Motion Used Vehicles Inc. O/A Auto-Motion Used Vehicles
Letter of Credit – Warranty Wright Auto Sales Inc.
Letter of Credit – Warranty 1716858 Ontario Inc. O/A Car Match Canada/Canadawide Auto Warranty
Letter of Credit – Warranty Rideau Valley Motors Inc. O/A My Car / Rvm Simply The Best Warranty
Letter of Credit – Warranty 1757259 Ontario Inc O/A Canadian Auto Warranty
Letter of Credit – Warranty Bayview Auto Sales Inc. O/A Bayview Auto Barrie
Letter of Credit – Warranty Thunder Bay Used Car Superstore Limited O/A Used Car Superstore
Letter of Credit – Warranty Toronto Smart Cars Ltd. O/A Carhub North York Chrysler/National Auto Shield Warranty
Letter of Credit – Warranty Fusion Auto Sales Inc. O/A Qb 1967
Letter of Credit – Warranty Ideal Quality Automobiles Inc.
Letter of Credit – Warranty Garantie Kilometrage Plus Inc
Letter of Credit – Warranty Automotive Wholesale Inc. O/A Toronto Auto Group/2Nd Chance Automotive/Need A Car Used Car Superstores
Letter of Credit – Warranty 6929290 Canada Corporation O/A Mega Motors@Approval Genie
Letter of Credit – Warranty The Car Lot Etc. Incorporated O/A The Car Lot Etc.
Letter of Credit – Warranty Autoloan Solutions Ltd. O/A Autoloan Solutions
Letter of Credit – Warranty Progressive Auto Sales (Sarnia) Inc.
Letter of Credit – Warranty Peel Car Sales Inc. O/A Peel Cars Gta
Letter of Credit – Warranty Kanata Ford Sales Ulc
Letter of Credit – Warranty Priority Car Financing Corp.
Letter of Credit – Warranty 1513600 Ontario Ltd. O/A Tabangi Motors
Letter of Credit – Warranty Sun Auto Inc.
Letter of Credit – Warranty Toronto Autohaus Ltd.
Letter of Credit – Warranty Cardealsdirect Inc.  O/A Cardealsdirect