Jul 05 2009
Who will I call to authorize and pay my claims?
Make sure you know the company, paying and authorizing your claims. You should look for a company that handles all aspects claims and allows you to use the repair facility of your choice (dealer, national chain, local mechanic). The claims should be paid via corporate credit card immediately to the repair facility , with no need to lay out money for repairs. They should cover all parts, labor and even sales tax (if applicable) with no limit on the number of claims you may have.
You’re never buying double coverage with most extended warranties. The earlier you purchase it, your extended car warranty will be less expensive. The price for protection rises, as the vehicle accrues and ages mileage. Due to increasing parts and labor prices, prices may also rise . You will be offered the lowest price and longest term the newer your vehicle is. By locking into today’s low prices you can save money and protecting yourself from tomorrow’s rising repair rates. The company usually takes into account the time left on your manufacturer’s warranty, if any, and takes over after it expires.
Make sure that the company you are considering will pay the full, posted labor rate to the repair facility and not just the hourly rate designated by the repair guides. Also, review the contract to verify if it is the administrator’s sole discretion as to the types of parts that can be used when repairing your vehicle. These extended car warranty contracts hidden clauses usually mean out of pocket expenses for you later on.