Archive for the 'FAQ’s' Category
What if I told you the best investment you can make for your car is auto extended warranty insurance? It would be the truth. It is for your peace of mind and financial security. Your extended warranty is more than a service contract. (Some states have licensed service contracts instead of warranties, so check it out.) Your extended warranty helps you prepare for major repair expenses before they are needed. The older your car gets, the more likely it is that you will need some kind of repairs. Warranties rarely cover normal wear and tear.
If you’ve just bought yourself a brand new car then it’s a good time to try and look for a great value auto extended warranty. Your new car may be the one that you have always wanted, or just a car that can get you places. Whichever is true in your case it’s a good idea to purchase an extended warranty. It’s important to make sure that you carefully choose the type of extended warranty that you choose so that you can get the right type of coverage for your car.
All companies will claim good “after sale” service but you should check independent sources that can verify:
1. How many complaints a company receives,
2. The nature of the complaints, and
3. Whether the company has satisfied the customer.
In addition, at EAWA we recommend that you check the claims administrator and insurance company’s complaint record as these, and not the sales organization, will be the ones whom you will be receiving service after the sale.
Agencies such as the Better Business Bureau and WebAssured offer an unbiased history of reported complaints and whether the company satisfied the issue.
You should choose only an extended warranty company that chooses to adhere to best business practices and is proud to display the results through one of these reputable agencies.
What Are The Important Terms of The Extended Auto Warranty Contract
There are the terms which you should understand before signing your extended auto warranty contract.
Administrator: A company that authorizes and pays the repair facility for repair work to your vehicle. The administrator works hand in hand with the repair facility to make sure your claim is handled properly.
Cancellation: Typical cancellation clauses of an extended warranty are for the owner to receive a full 100% money back guarantee if the policy is cancelled with the first 30 days of enrolling, if there have been no claims filed. After 30 days the refund is usually prorated based on time and mileage that the policy was in force.