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An extended truck warranty, also commonly called truck service contracts, are basically what their name suggests -- an extension of coverage which protects you and your vehicle after the initial warranty expires. There are numerous providers of truck warranty plans, including vehicle dealerships and direct warranty providers. Here are some considerations for anyone seeking an truck warranty plan.

Deductibles: A deductible refers to the money you'll be paying if your vehicle needs service. Some extended warranties don't have deductibles, some do. And the ones that do vary in amount. There are warranties with large deductibles and warranties with small ones. Be sure to carefully review all deductible information before committing to a particular plan.

Transferability: Transferability means that your extended warranty plan can be transferred in the event that you sell your vehicle to a new owner. However, an extended warranty cannot be transferred to a dealership in the event that you trade or sell your vehicle to one.

Renewals: Be sure you're well educated on your policy's renewal rules. There are different rules when it comes to renewing your extended auto warranty. Renewal rules will vary depending on the provider and policy that you choose.

Cancellation: It's important to understand the cancellation policies of any extended auto warranty you purchase. You may choose to cancel a policy for various reasons. Maybe you're trading your vehicle in or selling it to someone who doesn't want an extended warranty. Make sure you're clear on any penalties or rules that apply to cancellation.

Coverage: Some policies cover wear, tear, and mechanical breakdown. Others don't. Some policies will pay for the cost of labor and parts, others do not. You will ideally want a policy that covers wear and tear in addition to mechanical breakdown, as well as labor and parts. Some policies offer extras like roadside assistance, which can be a lifesaver if your vehicle quits on you during travel.

Cost: Cost is of course a very important factor when choosing an extended auto warranty policy. As tempting as it may be to go cheap, it's not advised in this situation. Ever heard the old adage, “you get what you pay for?” In the case of extended auto warranties, it's very accurate! However, you can often get a great policy and save money by choosing a reputable company with reasonable rates. Also, if you purchase an extended warranty at the same time as your vehicle or shortly thereafter, you will pay less than you would if you waited to purchase.

Company Reputation: Make sure you go with a respected and reputable warranty provider. It's simple to find out about a company -- simply call the Better Business Bureau (BBB) or go to their website. You can check a company's rating and make sure there are no outstanding complaints from other customers.

By considering all these factors before purchasing, you can make sure you get the best extended truck warranty for your needs.

# posted by Medical Information : 3:45 AM