If you are looking for an auto warranty coverage we believe then probably you are better off choosing an extended warranty car program from Umbrella Warranty. There are companies that provide a third party extended car warranty that are not affiliated or backed by any Insurance company. These plans vary in coverage and safety. There is a high incidence of bankruptcy amongst used car warranty Ontario providers, especially among those with no affiliation with an Insurance company. Look at each company carefully before you purchase coverage, and be sure the business has a good reputation. Find out how claims are handled and research customer satisfaction. A used car warranty can be a lifesaver if your transmission fails, or an engine seizes. However, purchasing this coverage from the wrong company with no backing can make it inefficient and not cost effective.
Getting Value For Your Auto Warranty Coverage
Also you should be careful not to get too obsessed with the prices of auto warranty coverage. By looking only at the price, you’re asking for trouble. This won’t take into account the features offered by the policy. You must look for a policy which provides everything you need at a cost you can afford to pay, rather than simply choosing the cheapest policy out there. If a policy is too cheap, then it stands a very good chance of being a scam designed to con you out of your money, without offering you the service you think you’re paying for. While bargain shopping is a good idea, weigh the price of the service contract against the quality of the company that backs it. Respected financial institutions are generally a safe bet.
Financial stability in a company is very important when you choose a used car warranty. Extended warranty car programs provide peace of mind but most important is the financial stability of the company that provides it, as they are the company that pays for your vehicle repairs. Customers need to be sure that a purchase will be supported by after sales service and as there will not be any inability to reassure the public that the company will be around for the life of the product that it covers. Why is it important to maintaining financial stability? Clearly, there are compelling reasons. Significant financial instability can result in claims not being paid. When looking at extended car warranty companies, financial stability should be of utmost importance; after all, you will need them to be there down the road to pay your claims. We believe that Umbrella Warranty markets the best possible coverage at extremely affordable prices.
Disclaimer
This program is provided by Aviva Warranty Services Inc., a member of the Aviva Canada group of companies, and Moore-McLean Insurance Group is the Program Administrator. The information contained in this blog is not intended to be a legally binding agreement. For exact terms, conditions, limitations, exclusions and extensions, please refer to the final Certificate wording. This program is available to residents of Ontario only.