Date: Sat, 25 May 2002 13:02:50 GMT
From: John Stone <>
Subject: Re: 1SourceAutoWarranty Experiences

I talked to my mechanic about extended warranties. He said that the warranty companies are very strict on how much labor they will pay for a given job. As often as not, it is pretty difficult for a mechanic to finish the job in the time allotted by the company. In this case, the customer pays the extra labor amount even on a 0 deductible policy. He also said that they can be very argumentative about what is covered. For example, had a BMW with a blown hydraulic line. The customer's extended warranty covered all hydraulic lines but didn't cover hoses. But--because the line included an integral hydraulic hose for a bend around the engine hose, the leak was at the junction of the line and the hose, the warranty company refused to cover it. I'm sure there are many other examples of this, especially when the fine line between "wear and tear" and "defect" has to be drawn. My guess on these warranties is that the company, like any insurance company, will try to pay out as little as possible. My suggestion:start your own maintenance escrow account. You won't argue with yourself over what you will or will not pay for. If you don't need the money, then it will still be there, and not in the pockets of some company. After all, the money from these policies are not used just to cover repairs. There's marketing costs, administration costs, costs for adjusters, etc. Someone has to be paying for this. Guess who it is! in article 5hDH8.82033$, MHF at wrote on 5/24/02 10:10 PM: > I bought a warranty from them. Tried to make a claim on a broked steering > linkage. Car suddening rolled like crazy when steering. 1source said they > would not cover it because they felt it was a pre-existing problem. I tell > you I could not have driven the car it had it been performing like that for > long. Anyway they were assholes and I got my money back before my 30 money > back garantee was up. > > Stay away. > > > "rl1856" <> wrote in message > >> I am contemplating the purchase of an extended warranty from >> >> >> Coverage would be 3y/36K for a 1995 vehicle with approximately 84k >> miles. >> >> Does anyone have any experience dealing with this company ? >> >> Good or bad. >> >> Please reply to: >> >> TIA ! >> >> Ross > >

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