Car Extended Warranty
Car Extended Warranty Article
Whenever a consumer acquies a product, he assumes that the product is fit to use. He trusts the options and functions as described or demonstrated by the seller, depending upon the type of the product. The buyer offers a warranty, promising to either fix or replace a faulty product.
Extended warranties can cost up to fifty percent of the original price. This again depends on the type of the product.
This coverage is only for a specific limit of time from the date of purchase. Cars frequently come with a "3 years or 36,000 miles" warranty. Other consumer goods too generally do not have a warranty of more than a year.
Many companies offer extended warranties on cars. In the event of breakdowns and laborious repairs, they come in handy. Few companies also offer protection against wear and tear of the parts of the car. However, individual companies have different clauses in their warranties. Some companies opt to leave out this coverage.
Dealers sell the extended warranty as insurance policy, which means they will replace the product in case of a breakdown after the original warranty expires. In cases where wear and tear is not warrantied this may not be worth the additional cost. The dealer may simply not pay the claim, citing the cause of breakdown as improper maintenance or regular wear.
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Car Extended Insurance Warranty
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