Why can't a Florida resident buy the YES warranty from out of state?
... something to do with your elected officials defining an extended factory warranty as an "insurance policy" ... they made it where you have to buy same from only in-state companies.
1st off, I'm not an insurance expert (although I am a licensed insurance claims adjuster and Dallas Cowboy fan). I called the Florida Office of Insurance Regulation
here, Office of the Commissioner: 850-413-3140 and spoke with a very informative person who outlined me the following information.
* Yamaha Corporation is not listed as licensed in the state of FL to sell their warranty, specifically. Yamaha probably is represented in layers of under-written companies. I would be sure Yamaha has their ducks in a row pertaining to insurance. As we were talking, he looked up other companies like GM, Ford, etc. and they were all listed but not specifically the Yamaha Corp.
* There is no law in the state of Florida stopping me from purchasing the YES warranty from any other state and bringing the product back into the state via the internet, phone call, etc. He compared this to an online purchase of an out-of-state life insurance policy. Say you bought this policy out-of-state on the internet and they were not licensed in the state of FL to sell insurance. Then, later on, they went belly-up and you wanted some kind of recourse action. You would not get help from the State of Florida. In this case, I buy the YES warranty from whoever I want, end up on Yamaha's system as having it and get my service done wherever I take it in. Unless Yamaha goes bankrupt, I'm in good shape.
* It would be against the law for a company outside of Florida to solicit my business unless they were licensed in this state to sell insurance/service warranty.
Learn sompin new evry day! gitterdan :beach: