Extended services, as how Wikipedia would define it as, is a prolonged warranty that is available and that are offered to customers and clients in addition to the standard warranty. It is sometimes called and also known as service agreement, maintenance agreement, and service contract.
Other than that, extended warranties are known to have some terms and conditions that does not apply to the regular standard warranty. It also costs extra and the additional years on which you can add in an extended warranty, varying from two years to five years. Also, consider checking out these Sample Contracts that you may find useful and helpful.
Extended Warranty and Service Contract
Extended Vehicle Service Contract
Extended Service Contract Companies
Extended Service Contract Reviews
Before opting for getting an extended service warranty, or adding and buying for one, do consider having a look at these Service Contract Samples that you might find useful and helpful for reference. Also, it is very important and highly recommended to first check and see to it whether you are eligible or not for the extended warranty service.
According to Carchex, whether you have a new or a used car, you are eligible. The catch is that if you have a used car, it would be a bit pricier since the older the vehicle, the higher risk of its mechanical and technical failure, unlike newer cars and vehicle models.
Here are also the three different types of extended service warranties and its description for you to assess and decide on which type is beneficial for your needs:
- Bumper-to-Bumper Coverage – also known as the new car coverage, luxury or full coverage or a wrap plan, which is most probably the highest extended service you can get and go for. According to Consumer Automotive Research, this type of extended service covers a bunch of mechanical parts, items, and components that the contract would opt to only enlist those that are not included.
Extended Warranty and Service Contract
Extended Service Agreement Customer Cancellation Form
Extended Vehicle Service and Protection Agreement
- Stated Component Coverage – this type of an extended service contract is also known as the inclusionary policy. Unlike the bumper-to-bumper extended service contract, the stated component coverage only covers and includes most major components and parts of your car or vehicle. Although, this is actually a good option if your vehicle does not qualify for a bumper-to-bumper coverage. Normally, the certain stated component coverage would enlist each and every component and part of your vehicle that are covered and included on the contract or the policy. It is also how it got its name, hence the “inclusionary” term. It is also important to take note that this policy typically covers mid-mileage vehicles with 50,000 to 100,000 miles.
- Power Train Coverage – this type of extended service warranty typically covers the car or vehicle’s power train (hence the given name), which would include the transmission, the engine, and the drive axles. If you want to have more coverage, the power train coverage can also be extended to cover some few additional parts and components like the air conditioner and the starter. Unlike the stated component coverage, a power train coverage is most likely to fit high-mileage vehicles.
Furthermore, you can definitely check out Sample Sales Contracts that can be useful for your vehicle insurance needs.
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