Extended warranty insurance overview
Could you afford time without your vehicle? If major mechanical or electrical failure struck this is exactly what you would be facing. Not to mention sizeable vehicle repair costs. But with extended warranty insurance you are protected from the significant outlay demanded by major repairs.
Essentially, warranty insurance provides mechanical breakdown cover. So your insurer agrees to repair any covered component of your vehicle which suffers a mechanical breakdown due to unforeseen circumstances during the warranty period. Just so long as the premium has been paid.
Extended warranty is not a repair and maintenance plan
It is important to know precisely what warranty insurance is. For starters, the extended warranty is issued by your insurer and not the manufacturer of your vehicle nor the dealer who sold the vehicle to you.
The warranty only commences when the vehicle manufacturers warranty or dealers statutory warranty expires. In most cases, this warranty will cover the same items as your vehicle manufacturers warranty or dealers statutory warranty
Essentially, extended warranty insurance allows you to continue the honeymoon of warranty benefits and financial security.
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