A majority of auto shoppers typically buy a car extended warranty at the same place they purchase their automobiles. But now vehicle extended warranties are being sold online in large quantities. Many online extended car warranty companies have excellent products and are able to beat dealership pricing. Here is the list of top 5 Don’ts when shopping online for a vehicle extended warranty plan.
1) Don’t forget to ask which repairs are excluded from your auto extended warranty contract.
Some salespeople are good at telling you which repairs are covered, but what about the components that are not covered? Do your best to find the most comprehensive auto extended warranty. Try to purchase the most coverage offered. Search for “bumper-to-bumper” coverage plans (the technical term for a bumper-to-bumper plan is “Exclusionary” coverage). Also, purchase the “Wear and Tear” option if possible.
2) Don’t forget to find out what maintenance requirements will be your responsibility under your new extended auto warranty.
Most extended automobile warranties state that “you must have your vehicle serviced in accordance with the manufacturer’s recommendations as outlined in the owner’s manual. Failure to follow these rules may result in denial of coverage”. Two important maintenance items to pay particular attention to are the engine timing belt and transmission fluid changes. Be sure to ask when and how often you must change either one. Make a plan to perform those required maintenance appointments. This assures warranty claims in connection of these parts and services will be paid without question.
3) Don’t forget to investigate the insurance company backing your extended car warranty.
Best’s Credit Ratings are the industry leader in unbiased and comprehensive review of a company’s balance sheet strength, operating performance, and business profile. The rating systems are easy to understand, allowing you to know if your auto extended warranty company is up to the task of insuring your vehicle against repair bills in the years to come. You can check the AM Best Insurance Ratings here.
4) Don’t forget to check the Better Business Bureau for an overview of your auto warranty company’s conduct in the marketplace. Make sure your company has an “A” rating with the Better Business Bureau.
The Better Business Bureau is a good source to measure how well customers are finding the claims experience on the telephone and how easy the road-side-assistance services work in times of need. You’ll want to do business with extended warranty companies that have an “A” rating from the BBB. You can access the Better Business Bureau here: Warranty Companies and the BBB ratings
5) Don’t forget to find out when your vehicle extended warranty plan will expire.
Some used vehicle extended warranties begin from the “original in-service date”, making the length of the warranty coverage appear longer than it really is. (The original in-service-date is the day your vehicle was first in use) Ask when the expiration date will be and then calculate the accurate time and miles of use from the date you purchase the extended warranty. Be sure to write down the expiration date and mileage end and keep safe with your accessible papers for later review.
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About the authors: As an 11 billion dollar U.S. business per year, the auto extended warranty is an integral part of the vehicle ownership experience for millions of Americans.
Written by a group of industry professionals with a combined 30 years experience, WarrantyWatchman.com is a consumer protection site and premier source for information regarding auto-extended-warranties.