Helpful Hints for Buying Auto Extended Warranties

If people have purchased a vehicle from a dealer, they will likely be asked if they want to buy an extended warranty. The majority of dealers offer at least a 30-day warranty on a vehicle to provide basic repair coverage for their new purchase. However, people will be responsible for buying an extended warranty if they want to cover the cost of repairs beyond any car manufacturer’s warranty.

What is worse is that there are a lot of auto extended warranties on the market today. Because of this, people have a hard time choosing the right one that can meet their individual needs. There are several important things that people should remember when they are out looking for an extended auto warranty.

Always Know This Tiny Clause

There is often a less familiar clause found in auto extended contracts that many people do not know about. It is what they call wear and tear coverage. In simpler terms, it is the expected reduction in the performance of an auto part due to the vehicle’s use, mileage and age.

People are regularly denied claims as the result of the wear and tear exclusions. Many extended service contract owners assume that their warranty contract will provide payment for these claims. This is because their worn-out parts are included as covered components. However, they might need to pay for any worn-out parts if they have purchased their car extended warranty without wear and tear coverage.

Always See if the Contract Has Wear and Tear Coverage

Parts that include suspension bushings, U-joints, CV joints, wheel bearings, tie-rod ends and even many vehicle parts that are considered components will wear out over time. People will be primarily responsible for providing payment for these repairs if parts have already been worn down beyond the manufacturer’s expected lifespan and tolerances and their agreement does not include any wear and tear coverage. Wear and tear coverage provides payment for parts that are worn out beyond factory tolerances that have a huge effect on the vehicle’s proper drivability.

The Importance of Clear Language

Wear and tear coverage should be openly shown in the warranty’s fine print with wording that describes that it is the company’s responsibility to replace and repair any part that no longer meets the manufacturer’s specifications whether it is defective or not.

If people find this statement in their extended car warranty, they can be assured that they will not face the disappointment of a rejected claim if a repair is attributed to a wear and tear condition. People should also bear in mind that a number of extended auto warranty plans provide wear and tear coverage only on cars that have a low odometer reading.

If their vehicle has high mileage, there is a huge possibility that they may not be eligible for these policies. Because of this, it is important for people to ask their insurance representatives for additional details before making the purchase.

The Bottom Line

People should do their research well when they are thinking about purchasing an extended auto warranty for their vehicle. Aside from that, they should not be pressured into agreeing to a warranty that they do not like. Instead, they should take their time to obtain quotes while reviewing the fine print in order to make sure that they totally understand what is and what is not covered.

About the Author: Thanks to Jim from Auto Warranty One for supplying these great tips. Check out their site for extended auto warranties you can trust.

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