CompUSA closing: Don't panic! Computer service plans are still valid

Last week, CompUSA announced that it would be selling or closing all remaining stores in the United States. Consumers have been panicking, especially those who bought service plans for their computers. They were afraid they'd be left high and dry.

I am one of those consumers with a computer from CompUSA and I also purchased the TAP (Technology Assurance Plan.)

Rumors were flying about whether or not those plans would still be valid, and they are still valid and will be honored.

The plans are administered through Assurant Group (what CompUSA employees sometimes refer to as "the underwriter"). It does business under different names in different states, but the parent company is Assurant Group.