Extended warranty coverage on your car takes care of unexpected mechanical and electrical repairs or replacements and gives you peace of mind apart from saving money.
However,extended warrantiesoften earn a bad reputation due to the mistakes car owners make when buying extended warranty coverage for their vehicles. Being aware of these mistakes will ensure you avoid these pitfalls.
Common mistakes to be avoided
- Failing to research providers
Before buying an extended car warranty for your vehicle, ensure you research providers and compare their plans, coverage levels, and pricing. Often when you buy a car at a dealership the dealer will also offer you extended warranty coverage for your vehicle. Don’t get taken in by what the dealership personnel tell you about the warranty plan.
Rather visit a few otherextended warrantyproviders and get quotes from them as well. Go online and check the user reviews for the warranty providers regarding claim fulfillment.
- Ignoring the fine print
Obtain a copy of the warranty contract and read it from start to end. Ensure you do not ignore the fine print as many limitations on the warranty could be specified therein. Once you have read the warranty document you will be certain about which components of your vehicle are covered by the warranty and which are not. Besides, you will also understand the amount you must pay as deductibles each time when you place a claim on the warranty. Besides the contract will also mention any special conditions for filing a claim.
- Disregarding coverage limitations
Don’t make the mistake of assuming that your warranty will cover all car repairs. The warranty contract will specify your vehicle’s coverage under the plan. If you fail to read the coverage clause in your warranty contract you could end up with coverage that is not adequate for your vehicle or paying for excess coverage on parts that do not experience much wear and tear. Besides, every warranty contract will have inclusions and exclusions that you need to know about.
- Overlooking transferability of the warranty
If you intend to sell your car later on, you need to verify whether the warranty plan you have selected has a transferability clause and can be transferred along with the car once you sell the vehicle. All warranty providers do not offer this feature with their warranty plans. Check with your dealership or warranty provider regarding the Transferability of the warranty plan.
- Pressured into purchasing a warranty plan
When you purchase a car from a dealership, You may be offered an extended warranty plan along with the purchase. However, don’t feel obligated or pressured into accepting the warranty plan being offered. Instead, shop around for warranty plans, check out various providers, and understand your options clearly before deciding whether you want to buy a specific warranty plan for your vehicle. If you feel you are being forced into making a decision, it should be a red flag for you to stop and consider.
- Pre-existing vehicle issues
Know about the warranty clauses regarding pre-existing issues with your vehicle. Any pre existing issues must be fixed before buying an extended warranty plan. For instance, if you have a defective AC fan before signing the warranty contract, you will not be able to claim warranty coverage for this issue from your new plan. Any other problems that crop up with your AC due to the AC fan problem will also not be covered by your new warranty. This is why you need to fix all the issues with your vehicle before buying extended warranty coverage. Get your car thoroughly inspected before purchasing an extended warranty plan.
- Delaying in filing a claim
Another mistake car owners make is taking too long to file a claim under the warranty. This can cause the problem with the car to worsen. A delay in filing a claim can result in a warranty provider denying your claim or limiting the repairs offered under the warranty. Any problem or issue that arises in your car should be reported to the warranty provider as soon as possible so that it can be fixed quickly.
Take your time to choose an extended warranty plan that fits well with your vehicle’s needs. When buying warranty coverage, never make the mistake of rushing into signing on the dotted line. Collect quotes from various warranty providers, and compare coverage, prices, and other factors before deciding which one will suit your vehicle and your budget.
MP WARRANTIES: A RELIABLE EXTENDED CAR WARRANTY PROVIDER IN THE UAE
We are MP Warranties, an upright and trustworthyextended car warrantyprovider in the UAE. Our car warranties Provide comprehensive coverage for your vehicle at affordable prices. If you need customized coverage tailored to fit the needs of your car, we’ve got you covered. Forget all your fears about how to pay for costly and unexpected repairs to your car and drive with peace of mind. Contact +971 501 604 953 to know more.