I had high hopes for this warranty insurance company, but they deeply disappointed me. I took their coverage on a car that had 97,000 miles on it, and bought 100,000 miles or 5 years of warranty coverage. They charged me over $2400 for the policy, and let me break that up over 24 payments. After 9 months of paying, I couldn't redeem for any repairs though I tried several times, and finally cancelled the policy for a refund of the amount paid minus the time used. They did send me the refund in about 4 weeks, but kept the money for the used policy period.
Now the reason not to buy this warranty - it's got too many exclusions that make it possible for this company to turn down ANY claim, even those for parts of the car they said were covered, like the engine, transmission, water pump, etc... You see, if you don't do the maintenance that they require in the policy according to certain mileage levels they prescribe, and keep the documentation that you did it, they can use that to deny your claim. They want oil changes more frequently than most people would normally change the oil, plus other services. Same goes for transmission fluid changes.
If they find out about something wrong with the car, even if they don't cover it, because they know about it and record it on your file, you are required to make that repair on your dime or else it voids the warranty. If something breaks on the car that is not covered and causes a covered piece to break also, then the covered piece is not covered also. They don't cover anything caused by a gasket failure. Well, Heck, that is pretty much ANYTHING in the engine, right? Everything in the engine has a gasket on it, and that is usually the failure point when you first notice something is wrong with the car, a leaking fluid.
Also, they won't do a repair on something that is beginning to fail, only if it has completely failed. If you are beginning to use alot of oil, or white smoke is coming out the tailpipe, most people would say that is a rings and piston repair job, right? But they won't pay for it unless the engine has completely failed. But since they now know about the oil usage or white smoke, you are required to make the repair yourself on your own dime or it voids the warranty.
Pretty much the only way they will pay is if you do the maintenance according to their too frequent schedule, keep the documentaiton, and there is a sudden catastrophic failure of the engine or tranmission. How often does that happen? I've never heard of it before in 34 years of owning cars. Cars almost always give a heads-up sign that something is going wrong, like leaking fuels, an unusual sound is made, handling is different than usual, acceleration is different, etc...
This company pretty much is setup to advertise, sell policies, have customer services lines to deny claims, and that's it. That they give you refunds for unused policy time is their only saving grace, and probably the only reason they haven't been shutdown yet by district attorney's in various states. I don't think you should buy this policy, as it really isn't usable in any real way. That was my experience with them. Can't recommend. Buy another car if yours starts having troubles. This warranty isn't a viable option for you. You'll waste your money. read more