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Before an Illinois buyer hands over the total sum required to purchase an auto warranty, they should ask how long the company providing the policy has been in business. Companies that have only been in business for a short time may not be able to handle claims easily and smoothly, or they may not have the financial resources to pay for large claims submitted. Businesses that fold soon after being established are an unsafe investment for the policyholder, as there will be no one around to pay claims except for the one who bought the policy. A reputable business will have been providing auto warranty services for at least ten years.
BBB accreditation is also an important factor when determining if the business is legitimate and going to be around to pay the claims. In order to be in good standing with the BBB, a company is required to respond quickly and in good faith to all customer claims. Auto warranty companies that have an A rating with the BBB have already demonstrated that they make good on the policy agreements they have issued. It is important to check all auto warranty companies with the BBB before purchasing a policy from any particular one.
A buyer should also ask how the claims will be paid. Businesses who cut the policyholder a check could be asking the individual to pay the repair shop first, then wait for claim processing to issue a check that will arrive through the mail. This can be a financial quandary for many people who are paying the $10,000 up front for an engine replacement. A far better policy is for the auto warranty company to pay the mechanic immediately upon notification that work has been completed. Many mechanics in Illinois prefer to receive instant payment via credit card from the company than to receive a check. It is important to understand payment terms before choosing a policy.
Auto warranties can be a safeguard against expensive repairs; a buyer just needs to do a little research first.
Auto Warranty In The News
TRACY (CBS13) - A collector of cars and motorcycles, Darrell Hare paid $85 a month for an extended warranty that would cover his Mercedes for 60,000 miles, giving him peace of mind. The extended warranty was through a company called American Standard ...
Published: Mon, 14 May 2018 23:30:00 GMT
New cars come with a manufacturer's warranty that should provide peace of mind for anything from three to seven years, but what if you're buying a used car that's out of warranty Then you might be thinking of adding an aftermarket warranty to the purchase.
Published: Sat, 12 May 2018 10:27:00 GMT
Palmer Administration Services is the one-stop shop for customers seeking extended auto protection coverage in the greater New Jersey area. Unlike other warranty companies, Palmer is the only one that directly pays for the claims. The in-house financing ...
Published: Wed, 16 May 2018 11:00:00 GMT
Car buyers who are entitled to a warranty but don't get one should contact California DMV, and may be able to seek legal relief Used car buyers can feel helpless when their vehicle breaks down, sometimes days or even hours after purchase. What many may not ...
Published: Mon, 07 May 2018 21:59:00 GMT
The offer runs from 1 May until 30 June 2018, so customers looking to take advantage of the offer should act quickly to secure their perfect car. The warranty package includes roadside assistance and MOT Cover. Plus with ŠKODA's complimentary 5 day ...
Published: Thu, 17 May 2018 08:03:00 GMT
Here's how it fares against the competition. The 2018 Amaze is being offered with a 3-year/unlimited kilometre warranty, which isn't offered in any other car in the segment. The only other car in this segment that comes with a 3 year warranty is the ...
Published: Thu, 17 May 2018 01:00:00 GMT
If you have a new-vehicle warranty that covers repairs, you can take that car or truck anywhere you want to get it fixed, and the automaker cannot drop your warranty as a result. They can (and probably will) refuse to pay for repair work performed at an ...
Published: Wed, 09 May 2018 09:51:00 GMT
OCEAN TOWNSHIP, NJ - 05-18-2018 (Press Release Jet) - New Jersey-based Palmer Administration Services is looking for new business partners as the company plans on expanding its reach for the auto protection plan. The industry leader in extended auto ...
Published: Fri, 18 May 2018 04:56:00 GMT
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