As you know the extended warranty means about the service agreement, sometimes it known as maintenance agreement or also known as maintenance agreement. It is a very long time service contract offered by the manufacturer to consumer.
Such type of extended warranty is offered sometimes by retailer, by warranty administrator or by the manufacturer. The company charge extra amount for the extended warranty of auto insurance .So that, there are some warranties which are purchased for the multiple of years.
It is interesting to know that if the auto insurance policy is for the multiple of years then it is written in the contract that during the first year the consumer will only deal with the manufacturer in case of malfunction, that the car is not working properly, the average of vehicle etc, only minor cases should be checked.
So, as you know the auto insurance policy normally is for the five years, it is not five years it is of four years, that in the first year the company only take claim of minor malfunctions.The terms and conditions of extended warranty of auto insurance is normally different from the original terms and conditions, for example, this may not cover except the mechanical failure from normal usage.
If you are running your vehicle properly and it caused malfunction, and there is no any commercial usage of vehicle, then in that case the company will help you.
Even the company may not recover if the vehicle has normally worn out like tyres and also the lubrication like engine oil. The simple thing is this; in case of natural disaster, acts of God, the company does not give coverage are such cases.
It is interesting to know that, the warranties which are sold through the retailers; this may include a kind of commission for the retailer.
For example, if a car is purchased from a car dealer, at the time of contract he make contract of all the repairs. But at the time of repair, the expenses which are too much, are handling with much of care, may be charged for unexpected services, the services which are provided outside of warranty terms.
At the time of sale of a vehicle, the auto dealers may sell the buyers a type of an extended warranty, which is offered by the manufacturer. When the time period ends, then the consumer have an option to purchase the extended auto warranty from the any other third party.
And in such a way, the warranty policies which the third party offered, is not like the policy which offered by the main manufacturer, so this is a new contract between the owner of car and warranty company.
Sometimes the extended auto warranties offer other facilities which are not included in the general factory warranty. This includes an insurance of trip interruption, a road side assistance etc.
At last you came to know that extended warranties are good idea, if they cover the items such that which break down during the period of warranty.
Such type of extended warranty is offered sometimes by retailer, by warranty administrator or by the manufacturer. The company charge extra amount for the extended warranty of auto insurance .So that, there are some warranties which are purchased for the multiple of years.
It is interesting to know that if the auto insurance policy is for the multiple of years then it is written in the contract that during the first year the consumer will only deal with the manufacturer in case of malfunction, that the car is not working properly, the average of vehicle etc, only minor cases should be checked.
So, as you know the auto insurance policy normally is for the five years, it is not five years it is of four years, that in the first year the company only take claim of minor malfunctions.The terms and conditions of extended warranty of auto insurance is normally different from the original terms and conditions, for example, this may not cover except the mechanical failure from normal usage.
If you are running your vehicle properly and it caused malfunction, and there is no any commercial usage of vehicle, then in that case the company will help you.
Even the company may not recover if the vehicle has normally worn out like tyres and also the lubrication like engine oil. The simple thing is this; in case of natural disaster, acts of God, the company does not give coverage are such cases.
It is interesting to know that, the warranties which are sold through the retailers; this may include a kind of commission for the retailer.
For example, if a car is purchased from a car dealer, at the time of contract he make contract of all the repairs. But at the time of repair, the expenses which are too much, are handling with much of care, may be charged for unexpected services, the services which are provided outside of warranty terms.
At the time of sale of a vehicle, the auto dealers may sell the buyers a type of an extended warranty, which is offered by the manufacturer. When the time period ends, then the consumer have an option to purchase the extended auto warranty from the any other third party.
And in such a way, the warranty policies which the third party offered, is not like the policy which offered by the main manufacturer, so this is a new contract between the owner of car and warranty company.
Sometimes the extended auto warranties offer other facilities which are not included in the general factory warranty. This includes an insurance of trip interruption, a road side assistance etc.
At last you came to know that extended warranties are good idea, if they cover the items such that which break down during the period of warranty.
0 comments: