Does A Prolonged Car Insurance Protection Really Help You

Car / Tuesday, December 26th, 2017

Buying a new car always includes a limited insurance for manufacturer defects, but this does not last for a long time. Most of the problem happens after the warranty has expired when you have used your vehicle for quite some time. 

Most dealerships offer prolonged coverage by suggesting an insurance coverage that stretches your protection for a number of years. While you might see this as an added expense, the long-term benefits of having one cannot be underestimated.

A Continued Warranty Is the Ideal Way of Securing Your Finances

Because you are using your car every day, it is prone to wear and tear. Band new cars already include a warranty for most of its components and have insurance coverage up to at least its third year or 36,000 mileage, but the coverage ends very fast.

Usually, an issue happens after it has exceeded the mileage or after the warranty has been voided. This leaves you with huge amounts of expenses when a problem happens. Car breakdowns, transmission problems, and faulty electrical wirings can happen anytime. If that happens, you are required to bring the vehicle to an authorized service company; otherwise, you would be left with a vehicle that in unusable. 

Most manufacturers also include tougher warranties as a way to entice prospective customers. But this alone will not suffice because most of the issues happen after the warranty has expired. Prolonging the insurance coverage of your vehicle may seem an additional expense at the beginning, but it can be beneficial in the long run because you get the services you need in the future for an additional amount. 

Knowing if a Prolonged Warranty is a Right Move

Extending the insurance coverage of your car adds extra years and additional mileage to the initial coverage of your car. This means that you can get services free of charge for component breakdowns covered by the policy. The thought of a brand new car breaking down may seem nonsensical, but it does happen in some instances and an owner usually just frowns after it has happened.

Protecting your investment at the onset is the best way of handling issues before it happens. It is an ideal way of preventing out-of-pocket expenses because you get to save on repair and maintenance costs in the long run. 

Because prolonging the life of your car’s insurance lengthens the time and mileage, it acts as a barrier when untoward incidents happen. Understanding when you need one will help you make a better decision. 

Ask yourself questions when you are already under a factory warranty but want to extend it for a couple of years. Also knowing that proper maintenance is better than additives is something that many do not know. Questions like, how long do you plan to keep the car and does it sync with the coverage plan? Does the coverage take place after you´ve owned the vehicle or did it start from the original owners? What exactly is covered and what components do you need to have additional coverage for? Do you have an option of canceling the warranty anytime?

All these questions will help you determine if you need to prolong the coverage of your car. Ultimately, the main goal of having one is to save you from enormous outright amounts for repair and maintenance. 

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