What is an Auto Extended Warranty?
An auto extended warranty, also known as a vehicle protection plan or service contract, is a type of insurance that covers the costs associated with maintaining and repairing your vehicle over time. It's designed to provide financial protection for you in case you need repairs or replacement parts due to wear and tear, or if something goes wrong with your vehicle.
Tips for Shopping for an Auto Extended Warranty
- Research and compare different providers to find the best fit for your needs and budget. Consider factors such as coverage limits, deductibles, and exclusions.
- Read reviews and ratings from other customers to get a sense of the provider's reputation and quality of service.
- Check if the warranty is transferable or non-transferable – this can impact your financial protection in case you sell your vehicle or move to a new location.
- Understand what's covered under each component (e.g. mechanical, electrical, etc.) and be aware of any limitations or exclusions.
