A company that provides authorization for the car repairs and pays the repair costs. read more →

Approval for repairs. This is typically granted by the administrator. read more →

An arrangement by which the full amount of the payment made is returned in full upon termination of the policy. Cancellations may be subject to different terms and conditions depending on the firm in question. Most companies require cancellation to be done in writing, by the original policy holder, and within a specified time period. read more →

The amount of money paid to the repair company resulting from the repair of the vehicle. read more →

An analysis of the vehicle performed in order to detect the presence of any issues, to assess the extent of the damage, and to determine what repairs are needed to restore the car to its optimum working condition. read more →

An assessment of the factors that determine whether or not a car is qualified for coverage. The factors most often assessed when determining eligibility are the age of the car and the mileage. read more →

A policy that provides the car owner with the financial means to pay the repairs costs of mechanical problems after the manufacturer’s warranty expires. read more →

This date is either the date of the vehicle’s purchase or the date when the vehicle was used for its primary purpose. read more →

A process of assessing the condition of the vehicle, typically performed by a certified mechanic as part of a pre-warranty requirement. read more →

The organization responsible for issuing insurance policies. This organization also ensures that the administration’s obligations are upheld. Many of the more reputable warranty companies in the business work in conjunction an insurance company in order to ensure the obligation of the contract. read more →