Erin
Houston,#2Consumer Suggestion
Tue, November 18, 2008
Ask who is behind the policy? Just like your car insurance policy. If you run into a tree you just expect them to fix it back to normal. The same is true with Vehicle Service Contracts(Mechanical Breakdown Insurance.) Find out who is going to repair your vehicle when a part fails. Will you get to decide or will they pick the repair shop for you? 1. Make sure you personally understand what remaining factory warranty is still left on your personal vehicle. No need to add more coverage if you already have an existing policy in place. Only purchase the coverage you need for protection beyond the manufacturer's warranty. After all, you paid for that coverage as well. Nothing in life is free not even factory warranties. 2. Look for companies that are teamed up with Repair shops. For example, take PepBoys. Pepboys is a publicly traded company and they with over 588 locations. Ask yourself why would a repair shop team up with an extended warranty company? Why? Only one good reason comes to mind. THEY INTEND TO PAY THE CLAIMS. Pepboys has better things to do than to team up with a VSC provider that doesn't pay claims. 3. Make sure the Insurer (the company who is standing behind the policy) is a publicly traded company. Reason: They have accountability toward shareholders and they can't afford bad publicity. 4. Remember Vehicle's Service Contracts are only designed to do one thing and that is to replace a part that has failed beyond the manufactures warranty. Watch out for gimmicks like free gas, free this You as a consumer just want peace of mind for your family that if the car breaks they pay to fix it. It's just that simple. No gimmicks. You purchase a warranty for your peace of mind... So when it breaks, look for the company that does what all VSC'S or extended warranties or Mechanical Breakdown Insurance is supposed to do. Repair the car. Stay away from fake promises. Look for the company that does what it says. - Erin McGuire, www.bestwarrantydeals.com