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Before purchasing an auto warranty, a driver should ask how long the company offering the warranty has been in business. A company that is relatively new may not know how to handle claims from New Jersey quickly and efficiently, whereas a company that is experienced will most likely have a track record of happy customers. Businesses that have been providing auto warranty service for at least 10 years are most likely reputable and legitimate, otherwise they would not continue to be in business.
A potential buyer should also ask how claims are paid. If the auto warranty provider requires a receipt from the repair company before sending the policyholder a check, this can become a long, drawn out process for the individual who had to pay the repair shop up-front. Top quality providers make payments quickly and directly to the mechanic. After being contacted by the repair shop and notified that the repair work is done, the company pays immediately by credit card or electronic transfer. The method a business uses to reimburse claims can be an important factor in reducing frustration on the part of the policyholder.
The rating of the auto warranty company should be checked with the BBB before making the decision to purchase a policy. A- ratings or higher with the BBB indicate that the auto warranty company strives to fulfill contracts and honor policies. High BBB ratings show that customers are satisfied with the service provided by a business.
Auto warranty policies all provide different coverage, so an individual needs to understand the provisions and read the policy through in its entirety before purchasing. While some warranties provide coverage on the engine and transmission, others cover only the electronic components. Complete awareness of what the policy provides will promote satisfaction on the part of the vehicle owner.
New Jersey drivers have a great number of options to choose from when it comes to purchasing an auto warranty.
Auto Warranty In The News
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