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Are Extended Auto Warranties Worth It?

images-45.jpegMany motorists wonder if it is worth purchasing an extended auto warranty.  The answer is definitely yes, provided that you follow these simple tips.  Education is the key to get the most out of your auto warranty.

First of all, who is offering the auto warranty?  Is it the carmaker or an after-market company?  You don’t want to wait until your first breakdown to find this out.

Know what parts are covered and for what duration.  Many people misinterpret this part of their auto warranty.  In addition, know that time conditions and mileage on your auto warranty may be different for various systems in your car.

What are your responsibilities in the agreement?  Make sure to follow maintenance requirements at the recommended mileage intervals.  Also, keep your service records for when it’s time to file a claim.

Finally, you need to find out what your deductible amount is.  Also, who pays the repair facility?  Some auto warranty companies will require the insured to pay the facility and get reimbursed, while other companies directly pay the repair facility.

An extended auto warranty is great insurance for any motorist.  However, you need to follow these tips to get the most out of your warranty.

Posted on Monday, June 9th, 2008 at 7:09 am In Auto Warranty  


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