Table of Contents
Is an extended warranty worth it?
Is an Extended Warranty Worth the Money? For the vast majority of people, the answer is a big fat no. Even Consumer Reports(Opens in a new window) says it's "money down the drain." Here's the big secret: it typically doesn't cost that much to repair most items.
What is mechanical breakdown?
Mechanical Breakdown means the malfunction or failure of moving or electronic parts, component failure, faulty installation, or blowout.
Who is the best car warranty company?
- Best for High-Mileage Vehicles: Endurance.
- Best for Customer Support: Concord Auto Protect.
- Best for Warranty Plan Options: Carchex.
- Best for Complete Vehicle Coverage on All Plans: ProtectMyCar.com.
- Best Online Warranty Marketplace: Platinum Auto Warranty.
Is it worth getting extended warranty?
Is an Extended Warranty Worth the Money? For the vast majority of people, the answer is a big fat no. Even Consumer Reports(Opens in a new window) says it's "money down the drain." Here's the big secret: it typically doesn't cost that much to repair most items.
What are the disadvantages of an extended warranty?
In addition, with a few miles on the odometer, you will command a top deal. For new cars, the service contract will not kick in for several years, usually near the time the original warranty expires.
What is an example of mechanical breakdown?
A turbine generator supplying power to a hospital failed when blades broke and penetrated the engine. A bolt came loose and fell into a high-speed press, damaging the cylinder and gears.
What is breakdown in machinery?
Machinery Breakdown means a sudden and accidental breakdown of an Object, or part thereof, that necessitates repair or replacement of the Object or part thereof.
What is considered a mechanical failure?
12. Mechanical Failure means the sudden and unforeseen failure of any Covered Component to perform the function for which it was designed, but does not include any failure due to negligence.
What is the highest rated car warranty company?
- Best for High-Mileage Vehicles: Endurance.
- Best for Customer Support: Concord Auto Protect.
- Best for Warranty Plan Options: Carchex.
- Best for Complete Vehicle Coverage on All Plans: ProtectMyCar.com.
- Best Online Warranty Marketplace: Platinum Auto Warranty.
What is better than CarShield?
Endurance offers superior coverage at a lower cost than CarShield. For many customers, an Endurance auto warranty may be a better choice, especially given that Endurance warranty reviews are better, and Endurance offers more expansive benefits.
What is the best used car warranty company to use?
- Carchex. 250,000 miles. 8.6.
- Endurance. 200,000+ miles. 9.2.
- CarShield. 300,000 miles. 8.4.
- Protect My Car. 125,000 miles. 8.5.
- autopom!
What are the top 10 extended warranty companies?
- Protect My Car. 8.5. 8.2. …
- CarShield. 8.4. 9.0. …
- autopom! 8.3. 8.2. …
- Olive. 8.3. 9.1. …
- ForeverCar. 8.0. 8.4. …
- Concord Auto Protect. 7.8. 8.0. …
- Toco. 7.8. 8.0. …
- Infinite Auto Protection.