On Thu, 17 Mar 2005 07:32:41 +0000 (UTC), baddak@excite.com
<baddak@excite.com> wrote:
>
> In article <024901c52ab2$7cdc8820$5ffaded1@amd500>, ttroidl@bluefrognet.net
> ("Ttroidl") writes:
> >
> >
> > Has anyone used "Extended Warranty Broker"?
> >
> > I was looking at a plan from them for my '02 Dak, as the 7-70 will be up
> > shortly, they have a plan that will cover me till 115K with $100 Deductible
> > for around $1300, if anyone knows a better option I'd appreciate it!
> >
> > OR if you know them to be a rip off, I'd like to know that as well..
> >
> > Thanks loads!
> > Tony.
> >
> > www.tasteofthemidway.com
> >
> > Hate Spam? try www.friedspam.net
> >
> >
> >
> > --
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> >
>
> I know of only two problems a friend had. He purchased the warranty, then
> moved about 100 or so miles away and had a hard time finding a dealer that
> would accept his "plan" if you will. Same friend, was told deductible amount
> was low ($100-150) which it was, but the total bill had to be over a certain
> amount (I think $800) before the plan would pay the rest not covered by the
> deductible. So he had to foot the bill for about $6-700. ASK A LOT of
> questions, read a lot of the fine print, and even call other dealers to see how
> the claims process works. My friend basically got burned by his ignorance. This
> was about 5 years ago, and I don't know if some things have changed since then.
>
> Be afraid, be very afraid...
3rd-party warranties are more like insurance than a true warranty.
Usually you pay for the service, then submit a claim back to the
warranty company. As Mike said, it's a minefield out there - there
are a LOT of traps, "gotchas" and other things to watch out for.
These companies aren't infallible, either - like any other business,
they can go bankrupt. Ask the DOC about Warranty Gold, but wear your
Nomex underwear when you do - WG went belly-up and left a LOT of
customers asking "ok, so now what happens with this warranty I bought
6 months ago for $1500?"
An extended warranty directly through DaimlerChrysler may be more
expensive, but factor in the risks and headaches of using a 3rd party
and it is probably the better way to go.
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