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Extended Warranties
Contact Kim Lagioia to discuss your options. (888) 718-6924.
What is an Extended
Service Plan? An ESP provides coverage for
unexpected repairs that would otherwise require an out of pocket
expense. Coverage varies by ESP type, and ranges from protection for
limited, major repairs only to very comprehensive coverage that
encompasses virtually every component on the
vehicle.
How
does an ESP differ from a factory warranty? ESP's
usually provide coverage that begins immediately upon expiration of the
factory warranty. Factory warranties expire either at the end of their
calendar term or upon the vehicle recording the mileage limit of the
warranty, whichever occurs first. Factory warranties may offer some
coverage for items that ESP's don't cover and, ESP's often provide
generous coverage for certain repairs and incidents that would not have
been covered by the factory warranty.
What types of coverage can ESP's
offer? ESP's are available in three major
categories. Within these categories there are many different types of
coverage. The three categories
are:
Full
coverage, stated exclusions only. This is the most complete coverage
available and often provides roadside assistance, emergency lodging,
loaner cars and other extras other ESP's don't
offer.
Limited coverage, stated coverage
only. Good coverage with some exclusions.
Limited coverage, limited stated
major components only. Limited coverage, but covers many of the key,
expensive components associated with the engine and drive train only.
All plans offer
choices of deductibles, ranging from $0-$200, and provide the purchaser
options to choose whichever best meets their
needs.
When is
the right time to make a purchase decision? It is
very important to consider purchasing your ESP towards the end of but
not after the factory warranty expiration. Typically clients choose to
buy an ESP 3-6 months before the factory warranty expires. If the
factory warranty does expire most ESP's are no longer available for
purchase, and the few that are will be much more costly than if
purchased while the car is still under factory
warranty.
What
steps are involved when buying an ESP? In order
to establish the condition of the major components of a vehicle
immediately prior to purchasing an ESP, the car must incur a brief
28-point inspection by a Motor Werks Service Technician. This inspection
ensures that the car is in good working order and requires no major
mechanical or safety related repairs. The inspection takes less than an
hour and cars that pass are immediately eligible for an ESP
purchase.
I've
heard that some plans may be expensive - are
they? Depending upon coverage some plans are
actually very reasonable, in fact one covered repair often pays for the
entire cost of several years of coverage!
Do I have to pay for the entire ESP at
once? You'll be pleased to learn that most of the
ESP's Motor Werks offers are available via 12-month payment schedules at
0% interest - in effect, free financing!
What should I look for when considering
purchasing a service plan?
The four most
important things to consider when buying a plan
are:
Is it fully
insured and by whom?
Does it provide clear and practical
coverage?
How easy is it to make and complete
a covered claim?
Can the plan be transferred,
cancelled or renewed?
Motor Werks offers
only the best plans; each is fully insured by a major, national A.M.
Best A rated insurer. This means that regardless of the financial
stability of Motor Werks, the plans it markets are all fully insured and
claims reserves are guaranteed to be available to process and pay for
claims.
Coverage terms and limits are all clearly
spelled out for every plan offered and only the very best, customer
oriented plans are offered - you won't find hidden exclusions or
stipulations with our ESP's. They are designed to be user friendly and
to deliver exactly what they state they will.
Claims
couldn't be easier to process. To our customers, coverage and the claim
process is virtually invisible. We assess the claim, process quick, same
day approvals, and perform all approved repairs per the particular
coverage you have purchased. There are no forms to fill out, nor lengthy
delays waiting for approval - it's the same level of service Motor
Werks is famous for!
Our plans are transferable to
another eligible car in the event you change cars sooner than expected.
They are also cancelable - if after time your coverage needs to be
changed, the pro-rated remaining portion of your ESP will be refunded to
you!
What
steps should I take to learn more about a Motor Werks
ESP? Please take a moment to identify your car
make, model and year. Record the odometer mileage and confirm the date
of original purchase (Motor Werks can assist you in confirming the
original date of purchase). Please contact Kim LaGioia to discuss
specific options for coverage and pricing. Don't forget to ask about any
ongoing promotions or specials!