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Automotive warranty. An automotive warranty is a guarantee provided by a vehicle manufacturer or a third party, ensuring that any defects or issues with a vehicle will be repaired or addressed within a specified period after purchase. [ 1] This warranty is most often an important aspect of purchasing vehicles since it provides buyers with ...
An extended warranty is coverage for electrical or mechanical breakdown. It may or may not cover peripheral items, wear and tear, damage by computer viruses, re-gassing, normal maintenance, accidental damage, or any consequential loss. [ 2] Most state insurance regulators have approved the inclusion of normal wear and tear, accidental damage ...
An extended warranty is worth your time if your car isn't extremely reliable and you wouldn't necessarily be able to pay for major repairs right now. If you purchase a used car from a dealer, an ...
Warranty. In law, a warranty is an expressed or implied promise or assurance of some kind. The term's meaning varies across legal subjects. [ 1] In property law, it refers to a covenant by the grantor of a deed. [ 2] In insurance law, it refers to a promise by the purchaser of an insurance about the thing or person to be insured.
Warranties: Rental cars often come with a warranty of about one year — even cars that no longer qualify for the original manufacturer’s warranty. Buy-back policies: Rental car chains may offer ...
An extended warranty typically does not come with a deductible, whereas mechanical breakdown insurance does. However, extended warranties may be more expensive than car repair insurance, averaging ...
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