Those looking for auto warranties will be able to come across different types. It is essential to know each of them in details, so as to make an educated choice to buy one. It is equally crucial to know what the extended vehicle warranty is likely to cover and not have. Several warranty providers are present in the market to offer different types of plans. Hence, shopping can help to derive the best plan and value to suit specific needs.
Different plan types
Powertrain: Such type of warranty offers coverage for the transmission, driveshaft and engine. There are some which might last duration of the original warranty and even longer. They tend to cover specific aspects, but not the other parts which might fail.
Powertrain Plus: This warranty is quite similar to that of the Powertrain type, but much more involved. Generally, it covers the vehicle component’s breakdown and wear & tear like the driveshaft, transmission, engine, gaskets, seals and axle, etc. This plan type is more inclusive when compared to basic plan, however, a bit expensive. However, it can save good amount of money on the otherwise expensive repairs.
Full coverage: It is also called premier plan, where coverage can be derived for all vehicle aspects, along with powertrain components and other vehicle parts. It is a fabulous option for those seeking coverage for each and every vehicle aspect.
Bumper to bumper: These are known as premium plus warranty and coverage is offered when purchasing new vehicles. In case, any vehicle part breaks down or wears out, then this warranty provides coverage. Still few aspects are not covered by this policy, which includes basic maintenance such as flat tires, tune ups and oil changes. These are the owner’s responsibility.
Different warranty providers are known to provide different warranty types, with few requiring deductibles and others not. Checking them out in details will help find the right type for the vehicle.