The Warrantech Warranty Coverage
Warrantech offers complete, comprehensive care for your vehicle. They're considered to be a particularly innovative company because they lead the way in internet-based claims management, allowing you to quickly and efficiently deal with your auto repairs in real-time. They service new and pre-owned cars, vans, trucks, SUVs and recreational vehicles, but they have also branched out to service homes and consumer goods as well. It's so important these days to find a well-respected brand offering auto extended warranties, with so many schemes out there.
The most popular plan offered by Warrantech is the Repairmaster. The "Powertrain Coverage" plan includes the engine, turbocharger, transmission, drive axle and transfer case components. Or you may choose the "Select Coverage," which includes all powertrain components, as well as electrical, steering, air conditioning and brake components. The third plan offered is the "Deluxe Coverage," giving you everything in the Select Plan, plus cooling, front/rear suspension, fuel delivery and enhanced electrical components.
There are also optional surcharged plans to accommodate vehicles that get a lot of wear and tear. For example, the Commercial Use plan, the Seals and Gaskets plan (for vehicles with over 80,000 miles), the Enhanced Electrical plan and the Conversion coverage plan (for recreational vehicles). With all plans, you'll receive travel/towing bonuses.
Warrantech first began in 1983 when Joel San Antonio and William Tweed switched from the women's apparel industry to the consumer services world. Though they offered warranties on all sorts of electronics, homes and other areas, it was the automobile industry that brought them the most fortune. They had a large number of BMW clients, particularly, and fulfilled an important niche for people with older cars who were having trouble finding extended warranty coverage. Following an aggressive sales campaign in the early 90s, Warrantech went from $6.2 million in sales to $30 million in just two years time! Now the warranty company has branched out into quite the successful conglomerate over the years, with service offerings in the US, Canada, Puerto Rico and Latin America, and annual sales reaching $121 million!
The one downside to Warrantech is that you have to go through their approved network of dealerships. Not everyone feels comfortable with this, since some people prefer family or local mechanics. If you don't have extreme loyalty to a certain mechanic, then the Repairmaster is certainly a plan to consider, since you can buy coverage for wear and tear, as well as gaskets and seals, while also receiving travel reimbursements! If you're the sort of person who needs peace of mind, then the extended warranty program will be well worth the money for you.
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Today's Tip On Extended Warranty
If you're buying a brand new Lexus or Toyota, then chances are you won't need an extended warranty. If you're buying a Pontiac or a Jeep, then it's a toss-up and you may end up breaking even with the purchase of an automotive warranty. If you're buying a flashier-but-less-reliable Mercedes-Benz, then you should consider a warranty, according to Consumer Reports. You can buy these warranties online or at a dealership, but there are many things to look for prior to purchasing. The most important thing is that you relax, research and not allow yourself to be pressured into anything.
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