I’ll be the first to admit it: I’ve fallen victim to that natural consumer instinct to find the lowest and cheapest price and ended up with something pretty worthless before. You know what I’m talking about…that camera you pulled from the bottom of the clearance bin that ended up costing you more in battery replacement and blurry family memories? Well, I’m sorry to tell you but purchasing the wrong extended warranty is just like digging into that clearance bin…
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I don’t think most consumers realize this, but you are actually better of purchasing your extended warranty as soon as possible versus waiting for the manufacturer’s warranty to expire. Why? Because of a little thing know as pre-existing conditions. Any claim that comes in on a contract that is 120 days or younger is going to be scrutinized for pre-existing conditions.
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Keep Time on Your Side with an Extended Warranty
When you’re deciding on an extended warranty for your vehicle, take some time to consider how it will affect you when you actually need to file a claim. If it’s really true that “time is money” do you know how much 3 days is worth to you? For some it might be less than others [...]