Auto Warranty: What You Need To Know For 2023
What is Auto Warranty?
Auto warranty is a type of insurance policy that covers the cost of repairs to a vehicle should it fail due to a manufacturer’s defect. Most auto warranties also cover parts and labor costs associated with the vehicle. Auto warranties are usually provided by the manufacturer or dealership and are typically offered as part of the purchase of a new car.
What Does an Auto Warranty Cover?
The coverage of an auto warranty will vary depending on the type of policy you purchase. Generally, most auto warranties will cover the cost of repairs related to mechanical and electrical problems that are caused by a manufacturer’s defect. Most policies will also cover parts and labor costs associated with the repair. Additionally, some policies may also cover the cost of rental cars and towing services.
How Long Does an Auto Warranty Last?
The length of an auto warranty varies based on the type of policy you purchase. Most manufacturer warranties will last for at least three years or 36,000 miles, whichever comes first. Some extended warranties may last up to 10 years or 100,000 miles. Additionally, some policies may have a time limit and will expire after a certain number of months.
What Is Not Covered By an Auto Warranty?
Most auto warranties do not cover damage caused by an accident, misuse, or normal wear and tear. Additionally, any repairs that are needed due to lack of maintenance, such as oil changes, are not usually covered. The policy may also exclude certain parts such as tires, batteries, and fluids.
How Do I File a Claim?
If you need to file a claim for repairs to your vehicle, you will need to contact the manufacturer or the dealership that sold you the car. The manufacturer or dealership will then send a technician to inspect the vehicle and determine if the repairs are eligible for coverage under the warranty. If the repairs are covered, the manufacturer or dealership will pay for the cost of the parts and labor associated with the repair.
How Can I Find the Best Auto Warranty?
When shopping for an auto warranty, it is important to compare the coverage and cost of different policies. Be sure to read the fine print and ask questions about what the policy covers and excludes. Additionally, you may want to consider purchasing an extended warranty if you plan to keep the car for a long time.
Conclusion
Auto warranties can be a great way to protect yourself from expensive repairs in the event of a manufacturer’s defect. It is important to read the fine print of any policy you are considering to ensure that you are getting the coverage you need. Additionally, it is wise to shop around for the best deal to make sure you are getting the most value for your money.