Due to several unpredictable reasons and factors such as road quality, weather and others, even full coverage vehicle insurance policies sometimes are not able to give you 360° protection. At some or the other pint, you come across a situation where you have to shell out money from your own pocket. Also, after the original warranty expires, it become essential to buy a new extended car protection policy to avoid paying for unpredictable repairs and damage. You can get these plans customized in accordance with your budget and needs.
While buying a car protection policy, there are a few important things that you should pay attention to. Listed below are some important things to consider while looking for a car protection plan.
Engine Coverage Rider
Now this is one of the most important and inevitable parts of car protection plan. As a matter of fact, you should make sure that you are getting engine coverage under the policy you plan to buy. It can provide a great respite to car owners. It provides hydrostatic cover that includes car damages occurred because of a consequential loss. The warranty company would cover engine repair if the damage is consequential to water stalling and leakage of oil, among others reasons.
Zero depreciation cover
When you file for a warranty claim, it usually considers the depreciated value of the damaged components, not their present market value. The depreciation rate varies on the basis of several factors such as age of the car, model and make. Thus, you end-up paying a significant part of the claim amount from your pocket. However, a zero depreciation cover assures full claim amount with no or zero depreciation deduction. Hence, if your vehicle is damaged in an accident, the warranty company would cover the full cost, not just a part of it.
Towing rider and roadside assistance
It is the most common features and almost included in all warranty plans. The roadside assistance feature provides car owners several important services that can be of great assistance in case your car breaks down in the middle of the road or you meet with an accident. It offers round the clock kinds of help such as flat tire change, fuel refueling, battery jumpstart and lost key recovery among others. To know more, you can visit Concord Auto Protect, an extended car warranty company and find out about the features covered in a car protection plan.