What To Look For When Purchasing An Extended Auto Warranty
- True Bumper-to-Bumper Coverage - if the plan lists the items that are covered, it is not a bumper - to - bumper plan. By definition, a bumper to bumper plan is exclusionary, that is, it will only list the few components that are not covered. Typically these include cosmetic and maintenance items.
- Wear and Tear Protection - This means that you are covered for parts that break as well as those that wear out. All covered parts in an extended auto warranty should include a "Wear and Tear" provision.
A lot of plans have "Wear and Tear Exclusions," such as struts, piston rings, valves or other expensive components that wear out and will not be covered. - Overheating - Look for a plan that does not exclude damage due to overheating.
- Roadside Assistance - You want an extended auto warranty that offers a free nationwide roadside assistance plan. You want to be covered per occurrence. Not an out-of-pocket reimbursement plan, that is tied to only covered repairs.
A Good Extended Auto Warranty Includes:
- Emergency Road Service
- Towing
- Emergency Tire Service
- Battery Assistance
- Gasoline & Fluid Delivery
- Emergency Lock-out Service
- Nationwide Coverage
- Toll Free 800 Number
- 24 Hours a Day/365 Days a Year Service
Some Additional Things to Look For Include:
- Car Rental - Should your vehicle have to remain overnight for a covered repair, you're going to need wheels!
- Trip Interruption - Should your vehicle become disabled far from home, and the repair is covered under your contract, reimbursement for lodging and meals should be provided.
- Nationwide Coverage - You should be able to receive repairs at any repair facility in the US or Canada.
- Choice Of Deductibles - $0, $50 and $100 deductible options should be available.
- Renewals - A provision should be offered so that the plan can be renewed for continuous one-year terms for as long as you own your vehicle.
- Transferable - You should have the ability to transfer your coverage when you sell your vehicle, for a modest fee, which will increase your vehicle's resale value.
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