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Extended
Warranty/Service Contracts
Despite
what you might have read, Extended Warranties or Vehicle Service Contracts,
as they are actually known, are a good idea. Even the best cars break
down and when they do, they are very expensive to repair. (They can
be placed on both new and used cars or trucks)
What
is an Extended Warranty/Service Contract?
- A contract purchased
to protect a vehicle against the unexpected costs of breakdowns, for
a specific period of time.
- Allows repairs
to be made in accordance with the level of coverage you purchase.
- Ensures your vehicle
is always in the best mechanical condition.
Why purchase an Extended Warranty/Service Contract?
- Peace of mind
- Allows repairs
to be made when you need them
- Most include a
Free Rental Car if your car is in the shop for covered repairs
- Protects you against
the rising costs of repairs
- Added resale value-
most contracts are transferable upon sale
What
to look for when purchasing an Extended 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.
- Roadside Assistance-
You want a plan 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 policy
includes:
- Emergency Road
Service* Towing * Emergency Tire Service *
Battery Assistance * Gasoline Delivery * Emergency
Lock-out Service * Nationwide Coverage * Toll Free 800 Number * 24
Hours a Day/365 Days a Year *
- Car Rental -
Should your vehicle have to remain overnight for a covered repair.
- Nationwide Protection
- Repairs can be made at any repair facility in the US or Canada.
- Choice of Deductibles-
Most automobile plans offer $0, $50 and $100 deductible options.
- Transferable
- 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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