Renewing Your Extended Auto Warranty
If you have enjoyed the benefits of an extended auto warranty for the first few years of owning your new car, there is a good chance you will want to renew the plan for another term. The good news is that many warranty providers are happy to work with customers to renew their plans. In fact, depending on the condition of your vehicle, there is a good chance that you can retain most, if not all, of the benefits with that renewed plan.
Typically, it is a good idea to start working with your provider a few months before your current extended auto warranty is due to expire. This allows you the opportunity to go over the options available with that provider, select a plan and make arrangements to roll your current warranty into that new plan. While the chances of retaining the same level and scope of benefits are somewhat slim, the renewal plans are very likely to include at least the more important benefits, usually at a reasonable rate. Doing so means there will be no interruption in your benefits, which will provide a great deal of peace of mind.
In the event that the provider of your current extended auto warranty does not offer renewal plans to your liking, take some time to compare benefits with plans offered by independent providers. Many of these alternative providers will time the initiation of your new coverage to slightly overlap with your expiring plan, so your vehicle remains covered. You may find that a different provider will have one or more plans that include the benefits desired and at a price that is easily affordable.
published: 18/07/2011 11:00:02