by Why Vehicle Protection Services?
What are vehicle protection services and why should you consider them? As the owner of a vehicle, it’s inevitable that repairs will be needed at some point due to normal wear and tear or unforeseen issues. Vehicle protection services provide coverage to help offset the costs of these repairs.
Coverage Options
There are a few main types of coverage that are typically included in a vehicle protection plan:
Powertrain Coverage
Powertrain coverage repairs or replaces components of the engine, transmission, and drivetrain should they fail due to normal wear and tear. Vehicle Protection Service This includes the engine, transmission, drive axle, steering gear, and more. Repairs to these major components can often total thousands of dollars, so powertrain coverage is a useful protection.
Component Breakdown Coverage
Component breakdown coverage repairs or replaces individual vehicle parts like the water pump, fuel pump, AC compressor, alternator, and more that fail due to normal use over time. Since these smaller systems and components are always moving and working, they do wear out and break down eventually. This coverage can help pay for repairs.
24/7 Roadside Assistance
Roadside assistance provides help if your vehicle breaks down or has an emergency on the road. Services like towing, jump starts, fuel delivery, flat tire changes, lockout services, and more are usually included at no additional cost beyond your vehicle service contract premiums. Not having to pay hundreds for a tow or other assistance when needed offers valuable peace of mind.
Rental Car Reimbursement
If a covered breakdown occurs that requires overnight repair, rental car reimbursement defrays costs associated with an alternate mode of transportation while your vehicle is in the shop. You’ll have funds to rent a vehicle rather than relying on other arrangements that may be inconvenient or more expensive.
Terms and Coverage Periods
Most vehicle protection plans are offered with flexible terms and mileage intervals to suit different driver needs. Common options include:
– 3 years/36,000 miles
– 5 years/60,000 miles
– 8 years/100,000 miles
Plans are often eligible for transfer to subsequent owners if the vehicle is sold, maintaining coverage for the new driver.
Additional Perks
Depending on the provider, vehicle protection plans sometimes bundle in other valuable perks:
– Trip interruption reimbursement if a breakdown occurs far from home
– Lockout services beyond just unlocking the vehicle
– Cosmetic repair coverage for things like small dents and paintless repairs
– Hybrid/electric component coverage specialized for those vehicle types
– Guaranteed repairs at any licensed repair facility
Level of Coverage
Vehicle Protection Service come in different coverage levels to fit various budgets. A basic tier may only cover powertrain components while a premium plan extends to nearly all vehicle systems. Your needs and financial considerations will determine which level makes the most sense.
Making Claims
If a failure occurs that’s covered by your vehicle protection plan, simply contact your service contract provider to pre-approve repairs. They’ll direct you to an authorized service center for diagnosis and repair work. As long as the issue is covered, you pay only a deductible with the rest covered by your plan.
Cost Savings
The average repair bill for covered claims runs between $700-$1,000 according to industry studies. With repairs for some components like engines and transmissions potentially totaling several thousand dollars, the cost of a protection plan is easily offset by just one or two covered repairs. Getting repairs through the plan versus paying out of pocket results in considerable cost savings.
Identity Theft Protection
Plans from reputable providers also deliver an added layer of protection by only accessing the vehicle’s vehicle identification number and mileage, protecting owners’ personal information. You can feel secure knowing your private driver details are safeguarded from misuse.
Peace of Mind Motoring
By alleviating concerns over expensive repairs down the road, vehicle protection service plans empower drivers to truly enjoy their vehicles without constant worries hanging over their heads. Unexpected repairs won’t play havoc with your budget thanks to covered breakdowns being handled efficiently and affordably through your service contract.
If you want the freedom and security that comes from being protected against unplanned repair bills, a vehicle protection plan is worth serious consideration. With repair costs only accelerating as vehicles age, the safeguards and assurances provided by these services deliver excellent value in exchange for premiums. Contact providers today to explore options suited to your vehicle and needs.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
