Your mind set tells it all when it comes to buying car warranty insurance. If you are of the type who would like to be prepared to face all eventualities, then surely you won’t hesitate to take the extended warranty keeping in mind that the car is valuable to you and you want to retain it for long.
On the other hand, if you are inclined to frequent changing of cars and have a habit of discarding cars systematically just when the manufacturer’ warranty is about to expire, then there is no question of taking extended warranty. But if you even happen to take extended warranty and think of disposing the vehicle, the warranty can be passed on to the new owner as some warranties have the provision. If you want to get it cheap, the extended warranty should preferably be purchased at the time of buying the vehicle. The later you buy it the expensive it becomes.
Where to buy from?
Car dealerships make a killing by selling auto warranty policies and are just too eager to sell it. It is not that they are bad, but it is expensive. If you are inclined to buy from a dealership, then also do some shopping as there are dealers who can offer better deals. Car Warranty insurers – Click4warranty told us that there are numerous car warranty providers that you will find on the internet whom you can approach directly. But in that case, you have to do some homework to get the best service provider within your budget.
Know what you can get
Getting the best service provider is important but perhaps more important is to get the right coverage for your car. Do not be misled by tricky jargons like bumper to bumper coverage as it can be interpreted in various ways by different people and might not provide enough coverage that you desire. Remember that all repairs are not covered and there are exclusions. Besides standard consumables like tyres, windshield wipers, batteries, shock absorbers, exhaust systems, rotors and brake pads, lights lenses, upholstery, trim and glass are standard exclusions. Look at the fine print to detect any other exclusion. Added benefits like roadside assistance, car rental reimbursement and towing facilities are available for those who dig deep into the fine print of the policy document.
Include wear and tear
As the car gets old, the majority of repairs occur from wear and tear which is generally not covered by most car warranty insurance. Mechanical breakdown is usually on offer as instances of such repairs are much lower. You need to take cover for wear and tear as well as mechanical breakdown even if you have to pay more.
Emphasise on customisation
Look for the warranty insurance company that allows customisation of the policy so that you are able to prepare a coverage list that suits you. You might drop out some items and include some new ones that are more relevant for you.
This is just an indicative list and you can look into many other aspects of the service provider and the insurance policy so that you get your money’s worth.