Who Owns CarShield?

‍Who Owns CarShield? Everything You Need to Know

CarShield is owned by Mark Travis and Rick Brettelle. They are a St. Peters-based company in Missouri that specializes in providing extended auto warranties to vehicle owners. Nick Hamilton is also a minority owner of the company too.

The company has been around since 2005 and has become a well-known name in the automobile industry. So let’s take a closer look at the owners to understand the company and how they function.

Mark Travis

Mark Travis is the founder and owner of CarShield. He is a visionary businessman with a serious interest in the automobile sector. Travis founded CarShield in Saint Peters, Missouri, and has been running the company as its CEO and president ever since.

Under his leadership, CarShield has grown into a successful business that serves thousands of customers across the United States. Travis has a background in finance and has worked in the banking industry for many years.

He has also been involved in several other successful business ventures, including a real estate investment company. Travis is known for his entrepreneurial spirit and his ability to identify opportunities in emerging markets.

Rick Brettelle

Rick Brettelle is another key figure at CarShield. He is the company's Chief Operating Officer and has been with the company since 2014. Brettelle has over 25 years of experience in the automotive industry and has held various leadership positions at other companies.

As COO, Brettelle is responsible for overseeing CarShield's day-to-day operations. He works closely with Travis to ensure the company runs smoothly and efficiently. Brettelle is known for his strong leadership skills and his ability to motivate and inspire his team.

Together, Travis and Brettelle have built CarShield into a successful and well-respected company in the automobile industry. Their leadership and vision have helped the company grow and thrive, and they continue to drive innovation and growth in the extended auto warranty market.

Is CarShield Privately Owned?

CarShield is a privately owned company. It was founded in 2005 by Mark Travis, who is the current CEO and president of the company. He is a visionary businessman with a serious interest in the automobile sector.

Travis, along with a group of seasoned investors, created the company to provide car warranties that usually follow the manufacturer's warranty. The company has a rich history of dependability, reliability, and success.

It has been serving vehicle owners for over a decade, and its reputation has only grown stronger over the years. They are a leading provider, and CarShield contracts are extremely unique.

As a privately owned company, CarShield is not required to disclose its financial information to the public. Being privately owned has its advantages. It allows the company to make decisions without the pressure of satisfying public shareholders. It also gives the company more flexibility in terms of its business strategy and operations.

History of CarShield

The CarShield company started as a small team of individuals who wanted to provide high-quality extended warranty services to owners of new and used vehicles. Over the years, the company has grown to become one of the most trusted names in the industry, with a team of more than 300 employees.

The company's success can be attributed to its focus on providing excellent customer service and dependable coverage. CarShield offers a wide range of coverage options, including powertrain, bumper-to-bumper, and specialty plans.

CarShield's mission is to help its members shield themselves from the high cost of automobile repairs. The company has a rich history of dependability, reliability, and success and has been serving vehicle owners for over a decade.

In addition to providing extended warranty services, CarShield also offers a range of other services, including roadside assistance, rental car reimbursement, and trip interruption coverage. The company is committed to providing its members with peace of mind and ensuring that their vehicles are always protected.

Is CarShield Legit?

CarShield is a reputable extended car warranty company that offers comprehensive coverage plans for all types of vehicles.  They are registered with the Better Business Bureau but tend to have bad reviews there.

But other sources say only positive things about CarShield. According to ConsumerAffairs, CarShield has an overall rating of 4.5 out of 5.0 based on more than 1,930 reviews.

CarShield offers a range of coverage options that can help protect your vehicle against unexpected repairs and breakdowns. The company's vehicle service contracts cover everything from engine and transmission repairs to electrical and suspension issues.

CarShield also offers additional benefits, such as roadside assistance, rental car reimbursement, and trip interruption coverage. They have been accredited by the Better Business Bureau (BBB) since 2008.

However, it's worth noting that the company has received some negative reviews and complaints from customers. As of August 2023, the BBB has closed 3,518 complaints against CarShield in the last 3 years.

CarShield Partnerships and Affiliations

In the past, CarShield has been involved with many partnerships and affiliates. One example is their deal with Hall of Famer Mike Ditka as a spokesperson. The company also partnered with the River City Rascals in Charles County for naming rights to rename T.R. Hughes Ballpark to CarShield Field.

This allowed them to open up their company to numerous marketing channels. This great marketing mix also led to a key partnership with American Auto Shield. CarShield also partners with several dealerships and repair facilities across the United States.

These deals make it easy for you to buy CarShield and get your vehicle fixed at a local repair shop. Unlike insurance companies, it’s faster and easier with no long waits for your repair.

Overall, CarShield's partnerships and affiliations demonstrate the company's commitment to providing its customers with the highest level of service and support.

Does CarShield Really Pay for Repairs?

Yes, CarShield does pay for repairs covered under their service contracts. The goal of CarShield's extended auto warranties (also referred to as vehicle service contracts) is to shield car owners from expensive repairs.

These contracts are designed to kick in after the manufacturer's warranty expires, covering the cost of certain repairs or replacements. The specifics of what is covered depend on the plan the car owner selects.

They offer a variety of plans ranging from those that cover major components like the engine and transmission to more comprehensive plans that cover most vehicle systems.

Once a covered issue is identified, the repair facility will contact CarShield. After CarShield authorizes the repair, they directly pay the repair facility, minimizing out-of-pocket costs for the car owner, who only has to cover the deductible if their plan requires one.