Warranty Quote Menu
Insurance Quote Menu
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1. Is the warranty offered through a fully insured company? – In order to make sure that the company will be able to pay claims even if they run into financial difficulty it is very important to make sure all claims are backed by a solid insurance company. A.M. Best is a company that rates the strength of the insurance carriers behind the program, and it is typically recommended to find a carrier with an A rating to ensure stability. 2. How long has this company been offering warranties? – There have been many companies that have come in and out of the business, and often times it can take too long for new companies to get passed the learning curve associated with any unfamiliar business. Also, it can be extremely important to make sure that the business will be around as long as your policy will be in effect. 3. What is the company’s BBB Rating? – It is very important to check on the integrity of the company that you will be giving your money and trust to. The BBB can be an extremely useful reference to monitor the company’s performance. 4. How well does the retailer know the ins and outs of your policy? – Many retailers have come and gone in recent years, and it is important that you deal with a knowledgeable and trustworthy warranty advisor when deciding on the purchase. Many times the understanding of the policy as a retailer can be the most difficult thing for a new warranty advisor to understand. Make sure that the retailer not only knows the policy inside and out, but will be able to help you understand the plan and answer ALL your questions. 5. What are the policy terms, and have the details of an “Exclusionary Policy” been clearly offered? – Make sure that you understand not only what is covered but also those items that are NOT covered. It is typically recommended that you try to set up with an “Exclusionary Policy” which is a policy that states specifically those items that are NOT covered , in which ALL other items not excluded WILL be covered. 6. Where can you take the vehicle for repairs? – Make sure that you have a large enough selection of dealers and repair facilities available to work on warranty repairs. It is typically recommended to choose a policy that can be honored at any licensed repair facility in the US, and if you travel to Canada, make sure that is listed in the contract as well. 7. Is the plan transferrable and/or cancellable? – Whether you plan on keeping your vehicle the entire term or not it is important to make sure that the policy can be transferred to subsequent owners, or you are eligible for a pro-rated portion back. 8. What is the deductible? Is it per item or per visit? - Make sure you feel comfortable paying the deductible for every repair and you know what it is ahead of time. Also it is recommended that you take into account whether the deductible is per visit or per item, since many times you may have several repairs in the same visit. 9. Does the policy pay retail for parts and labor? - There can be variations of coverage that you will receive, so make sure that the insurance company you choose will pay 100% of the retail parts and labor in order to get the maximum coverage. 10. Are there payment plans available? - Many of the most reputable and reliable companies will offer the plan to be paid out over several months. This can be extremely helpful for those of us on a budget, or who are simply unable to pay for the entire policy up front.
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