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Warranty and Insurance Policies: What is the Difference and Why do I Need Them

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insWarranty and Insurance policies are designed to protect a new/used car owner from having to pay cash for the repair or replacement of expensive car parts.

Have you ever been in a car accident? It does not matter whether the accident was your fault or not. Accidents happen. Some are more serious than others; however, no matter how minor the accident is, it is still a vehicle accident with all of the associated stresses. If you have been involved in an accident, your car would probably have been damaged. As we all know, cars are expensive; thus, the cost of the repair to a damaged car is likely to be very high.

Let us look at another scenario. Have you bought a second-hand car and the stand manufacturer’s warranty has expired? Consequently, you will have to pay cash for the repair or replacement of any parts that break as a result of being overused. Mechanical and electrical parts break as they age. It is just a fact of life, and there isn’t much you can do to prevent this from happening.

What is a car warranty?

A warranty is a manufacturer or third-party’s guarantee that they will repair or replace broken and worn motor vehicle parts within a stated timeframe or within a certain amount of mileage.

What is comprehensive car insurance policy?

An insurance policy, on the other hand, pays for repairs to, or replacement of, your vehicle and property that has been damaged in an accident. Depending on which policy you choose, your insurance company will also pay for you to hire vehicle while your vehicle is being repaired. If you have signed up with reputable Warranty and Insurance broker, you will be able to outsource all of the stresses related to the accident and they will take care of the arrangements to either replace or repair your car as well as handling all of the costs for you.

Why do you need vehicle insurances and warranties?

Based on the definitions above, it is fairly easy to conclude that taking out an extended warranty on your vehicle will help you pay for the repair or replacement of most of the mechanical, electronic, and electrical parts that make up your vehicle. Yes, there is a monthly cost to an extended warranty plan; however, in my opinion, it’s better to pay a small premium every month than having to fork out huge amounts of money in order to pay for your vehicle repairs when something goes wrong.

Comprehensive insurance, on the other hand, covers you for the repairs to your vehicle and your property in the event of a motor vehicle accident. Comprehensive insurance is not mandatory; however, it is a good idea in order to prevent you from having to pay large repair bills.

Final words

Warranty and insurance policies are similar but serve different purposes. There is no doubt, however, that you need both in order to enjoy a trouble-free driving experience. Should you require more information on warranties and insurances, have a look at the Warranty and Insurance website. You won’t be disappointed with the information contained therein.


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