What is Global Auto’s extended warranty?
What do you mean exactly when you say “Global”?
A lot of times, we hear phrases like “The best car insurance company in New Jersey“, “Our team of experts can help find the right coverage for you,” and “Global Auto Insurance is the most trusted name in auto insurance.”
But what these companies mean is “Global-Auto”.
It’s a global organisation with its headquarters in Newark, N.J., under one roof. There are more than 150 branches across North America and Europe, including Canada, Mexico, Puerto Rico, Australia, New Zealand, South Africa, Asia, Hong Kong, Singapore, Ireland, United Kingdom, France, Germany, Switzerland, Italy, Spain, Portugal, Austria, Belgium, Netherlands, Slovenia…and India.
You’ve probably noticed that there isn’t a single branch in China or Japan. That’s because there aren’t any cars in those countries. But there also isn’t an office in Russia either. We don’t provide services in Russia because we don’t sell policies there. So how do you get to Global Auto Insurance?
Well, first, you go to the main website. www.globalautoinsurance.com. From there, you fill out our brief online application form, which asks you a few questions and gives us information such as where you live, your driving record and current policy status. Then, based on your answers, we’ll give quotes from multiple carriers. If you decide on Global Auto, that’s when we’ll send you the paperwork to sign and mail back. Simple.
The Company claims:
The benefits of Global Auto’s Extended Warranty are:
• No matter what happens, we’ll pay out under our Comprehensive Coverage Plan. We won’t ask you to pay us back for repairs done to your vehicle after the manufacturer’s warranty expires.
• All repairs are covered by our Full Comprehensive Protection Guarantee, which covers more miles per year than most competitors’ warranties.
• Our program allows customers to purchase additional coverage options such as Roadside Assistance, Theft Protection & Courtesy Transportation.
Global Auto’s Extended Warranty protects you no matter the problem.
Global Auto Warranty Management – benefits
Suppose you have an accident and damage occurs to your vehicle while operating under the terms of your insurance policy. In that case, the insurance company may deny any liability for damages to your car. However, if there is any loss of use of your vehicle, they cannot deny responsibility for such losses.
This is where the auto extended warranty comes in handy. Your auto insurer pays a portion of your repair costs when your vehicle is repaired due to accidents caused by faulty parts. In addition, they pay for lost wages and additional expenses incurred after an accident. This includes rental cars, parking fees, gas and oil changes, mileage reimbursements, etc.
For example, let’s say a customer has a 2005 Ford F-150 truck insured against $50,000 worth of repairs. If the customer had a blowout while driving on the interstate highway and damaged his truck beyond repair, he would be able to file a claim with his auto insurance carrier to cover the total amount of repairs.
However, since the customer also owns an RV and spends weeks out of the year in Arizona, he purchased an extended warranty package from Global Auto. With this package, the customer received the following coverage benefits:
• 24/7 roadside assistance (in the event of mechanical failure)
• Up to 1,500 miles per month of rental reimbursement
• A fuel saver program designed specifically for RV owners
• Tire protection plan
• Emergency tow service
• Roadside diagnostic services
The owner could choose between a premium-level package or the basic plan. Premium packages include the above features plus more comprehensive coverage options.
Extended warranties are another way for consumers to protect themselves against unforeseen car problems. This means that after the manufacturer sells you the car, it buys back the right to repair any problem within its initial three-year/36,000-mile coverage period. That protects them against the cost of repairs while giving you peace of mind.
Today, there are two main types of extended warranties:
1) Product Warranties – This coverage protects consumers against manufacturing defects in products for which the manufacturer (or seller) may not be directly responsible, such as appliances, computers and electronics. Examples include product warrantee policies sold with laptops and flat-screen TVs. In these cases, some companies also provide an additional layer of protection by offering warranty extensions to protect owners beyond the original 1one year period.
2) Service Warrantees – These cover services provided by independent professionals such as auto repair shops, home improvement contractors, pest control operators etc. Consumers often purchase service warranty plans because they do not trust the quality of repairs performed by vehicle dealerships when vehicles break down. In addition, service warranty programs typically offer higher premiums than traditional warranty plans.
The global market size for Product and Service Warranties is approximately $30 billion annually.