Tuesday, September 4, 2007

Car Warranty: Bails You Out From Overwhelming Service Bill

You may be contented driving your Cadillac or two-door sedan and pleased that everything seems to go well for some time now. Nevertheless, does the idea of permanent peace for your car really sit well with you? Sooner or later, your car will experience breakdown due to heavy use or simply overtime and how would you expect to be rescued from a staggering bill on the repair shop?

Car warranty is your salvage ticket when something goes wrong with your car in the future. It doesn't only boost your equanimity under pressure of car damage but it also provides safety and protection to your vehicle.

General Motors paved the way to the idea of car warranty in the industry when it offered a three-year coverage bumper-to-bumper warranty when it eliminated its long-term power train warranty. Following the company's example, Ford and Chrysler modified their offer by putting forward power train protection for 6 years or 100,000 miles for Ford and 7 years or 70,000 miles for Chrysler. Choosing not to match GM's comprehensive warranty coverage, they instead looked for other better options. Ford obliterated its $100 charge for warranty transfer upon sale of a car while Chrysler offered a minimum of $500 settlement for each car owner of an extended warranty on all vehicles that had been involved in accidents, repairs or sold as new.

What To Do With Your Car Warranty

Applying for and securing a car warranty is not everything that you should do. To get the optimum benefits from your warranty, you ought to read the contents of the contract or a warranty quote and understand the coverage and exclusions. You can ask questions from the manufacturer or a warranty professional on the claims you can get from the agreement and what you can expect in event of accidents or repairs.

First, you should consider the cost and coverage of your warranty contract. Different insurance companies offer varied prices for different types of warranties depending on the coverage and the time duration. You should know what items and eventualities your warranty covers and for how long. If there is a mileage or time limit, be sure that you don't exceed those boundaries or you forfeit the claims for your warranty.

You should also choose a warranty that best fits the model and the nature of use of your car. You can specify what components should be covered like engine only or transmission and electrical systems only so as to optimize your benefits. You can also choose from their general coverage options like mechanical breakdown, damage due to overheating, roadside assistance and others. In cases of repair or mechanical failure, some warranty companies pay directly the repair facility leaving the car owner to only shoulder the deductibles. Other warranties, however, only allow for reimbursements that's why you should know what you can expect on events like these so you could appropriately plan your budget. If your warranty company will reimburse you for allowable expenses, when can you expect to be refunded and what should you do to get the reimbursement? You should know those things, among others.

While driving your pick-up or auto and basking on the idea that everything's going to be all right, it can be comforting to know that your vehicle is protected with car warranty. You can have your peace of mind as you don't have to worry with over-the-top repair bills and overwhelming damage costs. When chosen with maximum care, car warranties could prove to be wise investment.


Lewis Miller writes for http://www.carwarrantyselect.com. Find out the importance of getting a car warranty for your new or used vehicle by visiting http://www.carwarrantyselect.com.

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