The waiting period for a vehicle service contract or an extended warranty also acts as an opportunity for you to make sure you have the right plan. It also helps keep the price of coverage low. ![]() For example, a rack & pinion replacement for a Range Rover can cost upwards of $4,454, while replacing a water pump of a BMW M3 can cost you anywhere from $1,038 to $1,383 ! The waiting period prevents people from taking advantage of brand new coverage to get these costly repairs done. Some car repairs can be incredibly expensive, especially for high-end luxury vehicles. This waiting period will prevent vehicles with pre-existing conditions from getting fraudulent coverage. Unfortunately, getting coverage is not that simple, as a new vehicle protection plan will not cover pre-existing conditions on a vehicle, so they will make you wait before your coverage kicks in. People often think that they can sign up for a vehicle service contract once something has gone wrong. One of the main reasons for a 30-day waiting period is to prevent warranty fraud. Other reasons you will see a “waiting period” when it comes to your warranty or VSC coverage is due to: It Protects against Warranty Fraud ![]() Having this waiting period will give you some time to drive your car for a while and see if there are any other considerations you need to make for your particular vehicle and driving habits. This period allows you and the provider to make sure that everything is in place and that you have the correct plan for your car, which can be especially helpful if you have a used car or a vehicle with a lot of miles on it. Once you sign up for your protection plan, the waiting period is typically just 30 days. But why is it necessary? Well, the waiting period not only helps the provider give you excellent protection, but it also helps you make sure that you have the right level of coverage you need when it comes to automotive repair costs for your used vehicle or even a new car. Unlike the manufacturer’s warranty coverage you get almost immediately whenever you purchase a brand new vehicle, the waiting period for your vehicle protection plan is there to help provide you with the best possible coverage. Why Is There a “Waiting Period” on My Warranty? And while this can be frustrating, there are many good reasons for it, so understanding why this waiting period is necessary and why it can benefit you can help you plan when it comes to finding the coverage you and your vehicle need. In fact, when you get a protection plan for your car, you will usually have a waiting period before your coverage starts. Still, getting VSC coverage or any extended warranty plan is one of the best ways to keep your car in good condition no matter what time of year it is, but there’s more to it than just signing on the policy’s dotted line. However, these “warranties” aren’t actually warranties at all, but instead are vehicle service contracts, or VSCs, when coming from someone other than your automaker. So when you have an older car, the only way to get the help you’re looking for regarding covered repairs is through the various coverage options available through third-party warranty companies like us at Endurance or those like Carshield, CARCHEX and more. Instead, staying up-to-date on your car’s maintenance schedule and taking care of any car repairs as soon as possible is the best way to protect your vehicle and give you the confidence you need when you are out on long road trips during your summer vacation.īut for those who do have older vehicles, getting the peace of mind you’re looking for can be tricky, especially with most automakers limiting you to purchasing an extended car warranty when your manufacturer’s warranty coverage is still active. ![]() But regardless of whether your car is brand new right from a dealership or an old, high-mileage vehicle, there’s more to owning a car than just filling up the gas tank or getting the occasional car wash. ![]() As the weather starts to warm up, now is as good a time as any to make sure your car is ready for all your summer plans.
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