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.
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 a policy 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. Beware of "Mechanical Breakdown" plans, they often have wear-and-tear
exclusions, thus offering you less coverage.
Overheating - Look for a plan that does not exclude damage due to overheating.
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 * Mechanical First Aid * Emergency Tire Service *
Battery Assistance * Gasoline Delivery * Fluid 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.
Trip Interruption - Should your vehicle become disabled more than 100 miles away
from home and the repair is covered under your contract, reimbursement for lodging and meals.
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.
Renewals - A plan that may be renewed for continuous one-year terms for as long as you
own your vehicle. Transferable - The ability to transfer your coverage when you sell
your vehicle, for a modest fee, which will increase your vehicle's resale value.
Warranty Direct
Warranty Direct is the nation's leading direct marketer of extended warranties covering
automobiles, recreational vehicles, motorcycles, boats and more. When you buy from
Warranty Direct, you are buying from the source and eliminating the middlemen and
additional markups. You pay below retail prices and save up to 60% over what others charge.
Warranty Direct is the direct marketing arm of Interstate National Dealer Services, Inc.(NASDAQ:ISTN),
one of the nation's largest vehicle warranty and service contract firms. When looking at extended
warranty companies, financial stability should be of utmost importance; after all, you will need
them to be there down the road to pay your claims. Interstate National Dealer Services has been named
to the Forbes Magazine list of the "Top 200 Small Public Companies in America" THREE years in a row.
Having sold and administered over 1,000,000 warranties, no other company can match their longevity,
financial stability and reliability.
Put the power of ClassyAuto to work for you.
Call us toll-free at 800-320-9557 or
|
