Posted by oldtanker on March 08, 2012 at 21:56:12 from (66.228.255.239):
OK, if buying a new vehicle an extended warrenty is a joke. Most failures that accrue that are covered by extended warranties happen within 8,000 miles. So the manufacturers warrenty covers it. Most extended warranties only cover major components past the manufacturers warrenty. If it runs past that first 8K it will run past the extension. You have to read the contract! Bush could have screwed a lot of people after 9/11. He declared it to be an act of war. Now go dig out your insurance policies.......most things covered are excluded if the loss was caused by an act of war. So the insurance industry could have refused to pay....they didn't at the cost of about 7 billion dollars! Oops there goes that greedy insurance company thing!
Any time you are putting your name on any kind of a contract you need to know what you are signing......a hundred bucks for a lawyer could save you thousands!
Anyone paying for homeowners or renters insurance needs to know what RCV is and that only a certain dollar amount is a limit for coverage on certain items like guns, jewelery or electronics! An extended warrenty is an insurance policey. If you don't understand it take it to someone who will!
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