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.Thursday, September 24, 2009
What kind of repair is it?
Is your auto warranty repair due to failure from a "mechanical breakdown" or is it "Wear & Tear"? You need warranty coverage for both wear and tear as well as mechanical breakdown. Most auto warranty failures are wear and tear, so you can bet your low ball "mechanical breakdown" warranty company will say it was wear and tear and reject your warranty claim right off the bat. The warranties sold by car dealers are confusing. Most of the time the extended warranty is a mechanical breakdown insurance policy. This is not what you want. You want both "wear & tear" and "mechanical breakdown" coverage in your automobile warranty contract. Make sure your contract covers “wear and tear” as well as “mechanical breakdown”. Many items are not covered by most mechanical breakdown warranties since they don’t break, they wear out.
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