Below is listed the major items that separate warranty providers. You should make sure the coverage, terms, and benefits meet your needs and expectations. The extended warranty market place can be confusing. There are many warranty providers selling different types of products some are insured some are not and products ranging from Exclusionary plans, to Component or Named Peril plans, to Mechanical Breakdown plans are being offered. Below we have outlined the major issues to be considered when purchasing an extended warranty.
Coverage There are three types of coverage available.
It is important that you understand the differences and terminology so you can make sure you are receiving the best possible coverage for your particular vehicle. These plans cover the cost of repairs of all manufacturer installed mechanical and electrical parts on your vehicle. Only maintenance and appearance items are excluded. Keep in mind that the average vehicle has between 10,000 to 12,000 mechanical and electrical components . Because you can not list 10,000 to 12,000 items on an agreement - only the s mall list of exclusions are listed .