The problem is Sears provided their own warranties. Most stores that have extended warranties have them through some kind of underwriter (insurer) which means a lot of times even if the store goes out of business your warranty is still taken care of by that insurer...except for replacements (which the insurer can't provide) you're usually still covered and if something's not repairable they'll probably cut you a cheque (though it may be a pro-rated amount, depending on the terms).Pete_Coach wrote: ↑ I guess losing warranty, extended or regular is just a circumstance of any company going out of business. Ever since they got bankruptcy protection, this was forthcoming.
I cannot imagine any company or organization willing to accept the liability of Sears warranties.
As for their going out of business sales, my Wife and friends went and said there were no deals. Many prices were higher than when they would be during their "Sears Day" sales, yet people were loading up regardless.
It seems Sears simply sold their own warranty and backed it up themselves. This is probably why they could offer such things as gift card reimbursements at the end of the term, if one never had to use the warranty. Them's the breaks. First off we all know extended warranty is more often than not, not a good buy. Secondly the writing has been on the wall for Sears for some time. Perhaps if you're losing out your 3rd or 4th year of a warranty I can sympathise but if you bought something there recently and didn't even read the terms of the warranty to see if it was underwritten or insured by a 3rd party, or simply thinking this was a good idea with the company going under...I dunno what to tell those ppl.