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What to Consider Before Renewing Your Auto Warranty

What to Consider Before Renewing Your Auto Warranty Image

When the time comes to renew your auto warranty, it is important to refrain from making assumptions about the scope of your coverage.  The fact is that there may be some changes in your benefits and general coverage that are quite significant.  This means you need to look closely at what benefits you will retain by renewing the plan, and what benefits you might be able to gain by going with an alternative.

A number of factors can impact the range of benefits provided by your auto warranty as the car ages.  Factors such as the mileage on the engine and how well the car has been maintained will have some impact.  Simply put, the older the car is, the better the chances that certain benefits will no longer be available, or at least will not be covered to the extent that was true before.  Depending on exactly how those benefits change, it may or may not be worth your time to renew the current warranty plan.

Before making any decisions, look closely at what will be covered and compare that to the cost of the renewal.  You can do this by taking your old plan and compare it point by point with the renewal plan.  Also take some time to compare the terms with what you could get with a few plans offered by independent warranty providers.  Taking the time to look closely at all your options will make it easier to make an informed decision and be happy with your choice.

Author - Michael Barclay
 


published: 07/07/2011 14:00:00

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