Questions To Ask Before Purchasing Extended Auto Warranty
Posted on: 4 April 2022
If you are looking for a lasting auto assurance to protect you from unforeseen car damages or theft, consider purchasing an extended auto warranty. Extended warranties—found at auto warranty companies such as Safeguard My Car—offer unmatched flexibility and can increase the resale value of your car. To help you select the right extended car warranty, here are five questions to ask before purchasing an extended warranty.
What Is Covered?
People assume that extended car warranties cover all risks. However, this is not true. Ask your extended warranty company about what the warranty includes and excludes to avoid disappointments in the future. Be sure to read through your extended warranty fine print to know what is not covered. Usually, extended auto warranties provide different tiers of protection depending on the policy you select.
What Is the Reputation of the Auto Insurance Company?
Before purchasing an extended warranty, ensure you have confidence in the company you are purchasing from. Consider the credibility of the company by checking with an online business bureau accreditor.
If the company has been in business for long, the better. Such companies know how to handle claims and offer exceptional customer service. A solid track record of customer satisfaction should provide proof that the company is legitimate.
Is the Warranty Transferable?
Some extended vehicle warranties are transferable, while others are not. Ask whether the warranty is transferable before making any commitments. Transferable warranties increase the resale value of a car. They usually are a preference if you intend to sell the car at some point.
Do They Offer any Additional Benefits?
Some companies provide perks such as free rental cars when your vehicle is being repaired. Others offer free towing services and roadside support assistance. Such benefits point to a good extended auto warranty.
Do your homework to determine the provided benefits to avoid missing out.
How Long Does the Coverage Last?
Extended vehicle warranties usually offer coverage somewhere from 2 to 7 years. Depending on your plan, you should choose a suitable plan. Longer plans are a perfect choice if you intend to hold on to your car for years. However, if you change your mind and decide to sell the car, some extended warranty plans are transferable.
What Are Your Rates?
Inquiring about the rates of extended vehicle protection plans from different companies should be on your to-do list. The comparison should help you make the right choice on which affordable company to hire.
Before purchasing an extended auto warranty, start by asking the above questions to be sure you are making the right buying decision. Make use of online resources to learn about the best insurance companies to consider.
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