Can You Benefit From an Extended Warranty?

Can You Benefit From an Extended Warranty?

Extended Warranty

Buying a new car can be very exciting. However, when you sit down to sign all the paperwork, it can be stressful choosing the right auto insurance and warranty options. However, choosing an extended warranty can help to ensure that your vehicle has the protection that you need.

When you buy a new car, you will receive coverage from the factory warranty. However, when the factory warranty runs out, you will be left unprotected if you opted out of the extended warranty. Choosing the extended warranty can help to give you the peace of mind needed knowing that you have financial protection in case something goes wrong.

Without an extended warranty, you will be left paying for any damages out of your pocket. While it may not seem like that big of a deal, having a serious issue with your vehicle, such as a transmission problem, you can be left paying thousands of dollars out of your own pocket to fix the issue.

When you invest in a new car, you will also have the option to buy gap insurance, which may be able to replace the extended warranty depending on your needs. Gap insurance is meant to cover the difference between what you owe to your lender when you buy a new car, and what the vehicle is actually worth if the car is totaled.

No matter if you decide to choose an extended warranty, gap insurance, or take the chance with not additional protection, you will need the right auto insurance policy. Contact the insurance professionals at Steve Wilk Insurance Agency in Lombard, Illinois for all of your car insurance needs. As an independent insurance agency, we will work with you to make sure that you have the protection that you deserve, all at the right price to fit your budget.