Good experience w/ aftermarket warranty

[masq]

Reading through the forum, I found a link that was posted by another member: www.insurancepoliciesonline.com. The site looked pretty shady, and a lot of broken links existed. However, I did some research and found that the company backing the site was a legitimate business found in Illinois and was selling vehicle service contracts underwritten by The Warranty Group. In any case, I knew I could claim fraud on my AMEX if it turned out that it wasn't a valid business... so I took a chance.

Well one month later, I noticed that I had a leak in my power steering fluid reservoir and also had a lazy passenger side window regulator. I made one phone call to the number found on my service contract, and a guy at The Warranty Group picked up. 10 minutes later, I had an authorization to take my car to the stealership for repairs. Few days later, I took my car to Roger Beasley Porsche in Austin and gave them a copy of my contract for repairs. Next day, the car was completed after a $800 repair. The service manager handed me my keys and said "your warranty company is pretty cool. it went pretty fast".

So for me, the $2,400 investment was worth it, as it bought me a 4 year coverage for 48,000 additional miles with a 0 deductible. Well worth it for a piece of mind.

[jsoto]

My car is from Beasley. I live in Houston. MY03 Coupe Silver

Did you look into the warranty from Beasley? EasyCare?

[masq]

EasyCare was a little under $4,000 with a deductible for a 2 year 30,000 coverage. I think mine is better.

[Team996]

I just purchased an apparently terrific bumper-to-bumper warranty for my 72K-mile '01 C2, covering me for 4 years or up to an odometer reading of 120K miles with no deductible for $3,800 from Great American Insurance (brokered by Continental Warranty). A legitimate extension of the original manufacturer's warranty at my mileage sounds a little too good to be true, so fortunately Florida guarantees 60 days to review the policy, in which worst case I would [ostensibly] get my $400 down payment back (I'm doing a 24-month, no-interest payment plan).

Does any of this sound a little fishy to anyone???

Edited October 25, 2007 by Team996

[Team996]

EasyCare was a little under $4,000 with a deductible for a 2 year 30,000 coverage. I think mine is better.

Just curious how a $4K 2-yr warranty for 30K miles with deductible is "better" than a $2,400 4-yr warranty for 48K miles with no deductible. What am I missing?

Edited October 24, 2007 by Team996

[masq]

EasyCare was a little under $4,000 with a deductible for a 2 year 30,000 coverage. I think mine is better.

Just curious how a $4K 2-yr warranty for 30K miles with deductible is "better" than a $2,400 4-yr warranty for 48K miles with no deductible. What am I missing?

I think you're missing the part about me saying that the $2,400 4-yr warranty with 48k miles was better than the EasyCare plan that was $4k for 2yr/30k. ;)

In any case, I just wanted to contribute to the discussions about a good extended warranty contract. I did a lot of searching on the forums before purchasing the plan, but couldn't find much on what contract was good. So at least if someone else is about to purchase a contract too, they'll have some more text to base their decisions on.

[KevinMac]

Be careful on those after market policies. They will take your cash and not return anything based on excuses when it comes time. Been there done that. Also the aftermarket policies can have your car laid up awhile until an inspector arrives to verify the problem. Word of advice, do not let the shop dismantle the car until the inpsector arrives. The inspector has to verify the problem first before anything is removed or else you may be holding the repair bill!

One other point those so called 3rd party bumper to bumper policies for the most part do not cover emission problems ( O2 sensors etc). Read the fine print!

Edited October 25, 2007 by KevinMac

[Team996]

Be careful on those after market policies. They will take your cash and not return anything based on excuses when it comes time. Been there done that. Also the aftermarket policies can have your car laid up awhile until an inspector arrives to verify the problem. Word of advice, do not let the shop dismantle the car until the inpsector arrives. The inspector has to verify the problem first before anything is removed or else you may be holding the repair bill!

One other point those so called 3rd party bumper to bumper policies for the most part do not cover emission problems ( O2 sensors etc). Read the fine print!

Thanks for the warnings. I'll comb the contract when I have it in a few days, but I just did speak with a rep at Continental and he reinforced that most warranties (including mine) do not cover emissions.

Edited October 25, 2007 by Team996

[Team996]

SHADINESS ALERT!!!

To anyone considering an extended auto warranty: This industry is apparently as slimy and dubious as the used car sales industry. Go in with your super-skeptical guns drawn, maybe blazing.

I'm all but certain that the warranty I bought two days ago from Continental Warranty is a cleverly crafted scam. While it was advertised to me as an extension of the original Porsche bumper-to-bumper warranty (my car's got 72K miles on it), I believe it's really just component coverage. Worst of all, there's 81 complaints against the company filed on www.ripoffreport.com and 250+ others at the Los Angeles BBB, which is more than enough in and of itself to avoid it like the Black Plague. This goes beyond shady, my Renntech friends. Beyond shady. [Dramatic soundtrack plays in background]

Now I'm waiting for a call from one of their shady reps so I can cancel the policy and, um, get my $400 deposit back. I paid using USAA and they're rabid when it comes to fraudulent companies, so I'm hoping for a relatively smooth resolution.

Edited October 26, 2007 by Team996

[tagger]

I think the best policy out there is found via this link

www.insurancepoliciesonline.com

look under auto warranty. They will not warranty porsches over 30 k miles. i have had their platinum warranty on three german cars (Porsche and mercedes ) . NEVER an issue getting approval and payment in full at dealer rates , never sent anyone to inspect!!

Both dealers are amazed at this coverage for the price and asked for the web link.

Best check of a comprehensive policy ... ask if they cover your keys from failure. This policy does (PLATINUM) and new porsche key cost about $300!!!!

Take a platinum coverage with $50 or $100 deductible and negotiate with the dealer to comp it when you have any big ticket repair ... say over $500 . They usually go for it.

GOod luck.

Need to be already covered by a policy or a new ownership within last month ( EVen if out of warranty )

I originally got my policy throu a Credit union. It is underwritten by CUNO MUTUAL which is a very solid company financially.

SAME POLICY AS SOLD BY CARMAX (largest used car dealer in USA)

[DCP]

I think the best policy out there is found via this link

www.insurancepoliciesonline.com

look under auto warranty. . . . It is underwritten by CUNO MUTUAL which is a very solid company financially.

Help please. I am confused.

The FAQ on the website says that the policy is provided by Virginia Surety Company Inc. and Automotive Warranty Services. It goes on to say that those companies are part of AON Warranty Group, but a Google search says Virginia Surety Company was sold a couple of years ago. Nonetheless, Virginia Surety Company seems like a real company as it seems to be an admitted insurer in several states. Your policy is CUNO MUTUAL? Perhaps they changed providers? Do you know?

[tagger]

I think the best policy out there is found via this link

www.insurancepoliciesonline.com

look under auto warranty. . . . It is underwritten by CUNO MUTUAL which is a very solid company financially.

Help please. I am confused.

The FAQ on the website says that the policy is provided by Virginia Surety Company Inc. and Automotive Warranty Services. It goes on to say that those companies are part of AON Warranty Group, but a Google search says Virginia Surety Company was sold a couple of years ago. Nonetheless, Virginia Surety Company seems like a real company as it seems to be an admitted insurer in several states. Your policy is CUNO MUTUAL? Perhaps they changed providers? Do you know?

Call cuno mutual directly and inquire about the policy. They will direct you to Insurancepolicies on line. i spoke with a competitor product and even the rep said he would buy the Cuno product instead!!!

Direct contact for insurance policies on line ( I have purchased 5 policies from these guys over 4 years!)

This is a copy and paste of recent communication

"The vehicle warranty quote system is functioning again. You may proceed to get your quote and purchase online (if you have IE).

http://www.insurancepoliciesonline.com/war...o_warranty.html

If you run into any other problem, please let me know. For future reference, my direct line is 847-265-6146.

Thank you,

Michael Mathis, AAI

InsurancePoliciesOnline.com "

Thanks

TAGGER

Edited October 28, 2007 by tagger