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Vote India >> Automotive & Vehicles>> Automotive warranty
An auto extended warranty is a vehicle service contract between the car warranty company and you. When you buy your Ford warranty for example, they pay for repairs to your Ford covered by the contract. Extended auto warranties are NOT insurance policies. Your service contract money is deposited in a "claims reserve account", insured in case the administrator goes belly up. An Extended Warranty for your vehicle protects you against unforeseen repair cost. Approximately one third of all vehicles on the road this year will have a major mechanical breakdown. Who will pay, when yours is one of them, an Extended Warranty for your vehicle protects you against unforeseen repair cost. Poll for auto warranty related issues and raise your voice...