Extended Automobile Warranty

When it comes to an extended automobile warranty you get what you pay for. The company with the lowest warranty price quote has the highest risk of failing and leaving you with worthless paper. You would be better off with no car warranty at all than a cheap warranty almost guaranteed to go belly up. Get the information on the company from the Better Business Bureau or Web Assured before you buy from them. Don’t get taken by one of the hundreds of fly by night companies. They usually don’t adequately fund the warranty claims reserve accounts to pay for automobile warranty claims. Cheapie warranties make up stupid reasons to reject your warranty claims and exclude lots of coverage. You’re left with few covered repairs. You have to pay the shops first then beg for reimbursement from the warranty company, if you can get them on the phone.

Sunday, September 20, 2009

Automobile warranty administrators

The warranty administrator is the company responsible for paying your automobile warranty claims. Often it is not the company you bought the coverage from. IF you want to deal directly with the administrator that is selling your extended automobile warranty instead of the dealer I have two recommendations. The first is WarrantyDirect.com where you deal directly with the administrator. The second is carchex.com which only works with the top administrators and will give you all the information about them before you buy.
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