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Pros and cons of home warranties While home warranties can be beneficial, they also have limitations and do not cover everything. Here are some of the benefits and drawbacks to keep in mind.
Being a fixed-price product, an extended warranty limits the risk of a surprisingly big repair bill. Under a warranty, repair is the warrantor's responsibility, so a customer needn't find his or ...
An extended warranty is worth your time if your car isn't extremely reliable and you wouldn't necessarily be able to pay for major repairs right now. If you purchase a used car from a dealer, an ...
Extended auto warranty. All new cars in the United States come with a warranty that cover repairs for a certain period of time and a certain number of miles, such as 3 years and 36,000 miles. An extended warranty provides similar coverage beyond those time or mileage limits. Legally, only the original manufacturer can "extend" a warranty.
Automotive warranty. An automotive warranty is a guarantee provided by a vehicle manufacturer or a third party, ensuring that any defects or issues with a vehicle will be repaired or addressed within a specified period after purchase. [1] This warranty is most often an important aspect of purchasing vehicles since it provides buyers with ...
A home warranty is a contract that agrees to provide a homeowner with discounted repair and replacement services. [1] However, the words "home warranty" are not always used explicitly to mean a legal warranty is being conveyed. In many cases, at least in the United States, a home warranty is not a warranty at all, but rather a home service ...
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