Types of extended auto warranty policies

When it comes to an extended auto warranty, there are so many questions that strike your mind. The world of car warranty policies is populated by some of the following aspects:

  • Intense and tough competition between warranty providers
  • Variation in rates for similar type of policies
  • Choices between component based and comprehensive coverage
  • The support of leading auto insurance and warranty companies, to name a few.

Before settling down for the right type of auto warranty policy, you can do a lot of research and homework. Of course, every vehicle comes with original warranties. However, what when original warranty expires? This is exactly where you can benefit from extended auto warranty plans.

Keep abreast about the news

It is quite frequently that manufacturers of cars announce different types of changes to their warranty policies. These changes might include:

  • Announcements of unlimited mileage warranties
  • Lifetime warranties offer on components and labor
  • New policies that may cover new and old vehicles
  • Changes in the number or the duration of miles related to a particular coverage

It is thus a good ideas to keep yourself abreast with the latest industry news. However, there is no doubt that you always have better chances of fetching a much better car warranty plan by choosing an independent auto warranty plan. Companies like Concord Auto Protect offers plans customised according to individual needs and preferences.

Do homework properly

You can easily find detailed information on car warranties by simply browsing through the virtual world of the internet.  However, this information can be confusing at times. Even doing a lot of homework sometimes does not help in making the right decision. To make the entire process easy, you can compare different contracts and plans across important features.

  • Length of the contract
  • The support and reputation of the auto warranty company
  • Duplication of coverage when compared to the original car warranty
  • The financial payments required to be made for the plan
  • The process by which the company handles claims
  • The components covered under warranty plan

All these vital features have to be assessed in detail so that you can make the right and well-informed decision when it comes extended auto warranty plan.

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