| I do not advise in favor of the purchase of "Car Repair Insurance" AKA, the "extended warranty". A quick Goooogle came up with these. http://www.ripoffreport.com/reports/0/286/RipOff0286050.htm http://www.redflagdeals.com/forums/showthread.php?t=514656 The problems that I have run into with other insurance programs include. Denial of claims based on the owners ability to provide maintenance records. (not a problem if we do all of the maintenance, but then again when we do get to do all of the servicing the cars don't normally fail). They require customer to authorize the dis-assembly, and then they send out an adjuster, who may or may not authorize the repairs. If they do, all is fine. When they don't the car is still completely torn apart, and then the "I'm not responsible" dance starts, with the shop (me) caught in the middle. The Insurance companies try and cut the shops profits by attempting to force used parts that they acquire to be used, and/or attempt to cut the labor rate. The Insurance companies often tie up the shop with paper work that adds to the actual time the shop has to invest in the repair. Say the repair should take two hours, and the shop loses an hours worth of productive time dealing with the insurance company. That's three hours of effort with only two hours revenues! Many shops have been cheated after everything else has been accomplished by the insurance company cutting the final check short. They will claim they don't pay for one thing or another, meanwhile the car is picked up and the shop has no way to recover these expenses. Because of this when we do repair a car with one of these policies involved, we insist the customer pay up-front for the repair, and then they get reimbursed by the warranty company. The list of other issues could go on for hours worth of typing, in short I recommend. Take the money you would spend on the insurance and put it in the bank under the best returning CD you can find. If your car breaks, you have most if not all of the money required to fix your car in the CD. Now maintain your car completely, and correctly, and WHEN your car does not break, that money is still yours to do whatever you want to with it. Remember this, they would not sell this insurance if they weren't making a profit from it. |
