What Are the Different Types of Auto Protection Plans?
Auto protection plans can help safeguard against unexpected repair bills. Each vehicle is different and the Liberty Automotive Protection plans that are needed are also different. Most third-party administrators offer different types of plans and you can make the choice depending on your specific requirement. Before making the choice, you need to be aware of the various plans and their benefits. This can enable you to make an informed choice. The rising cost of repairs has made it necessary to have a good protection plan. This not just gives you complete peace of mind but also enables you to save money on repairs.
Exclusionary Protection Plan-This plan provides the highest level of coverage. This covers all parts of the car and only excludes those that are specifically mentioned in the contract or plan. This is the most comprehensive plan as most parts of the vehicle are covered in it. Stated Component -This plan also offers a lot of coverage. The stated component plan lists parts of the vehicle that are actually covered in the plan. If the component is not mentioned in the list it means that it is not covered. Although this plan does cover a lot of components, it is not as exhaustive as the exclusionary plan. Power Train-This is similar to the stated component plan as it also mentions all parts that are covered under the plan.
The term ‘power train’ refers to specific parts of the vehicle that include the engine, drive axle and transmission. Vehicles with a 4X4 all wheel driver mostly have a transfer case included in the plan. The various parts that are included in the plan are not just important but also expensive to fix. The vehicle service contracts usually include extra amenities like fuel systems, A/C and electrical components. Wrap-This plan covers things that are not included in the power train plan. Most manufacturers provide a 36 month or 36,000-mile warranty. Additional warranty that covers the power train may also be provided. If your vehicle has the power train components covered the wrap plan may cover the additional components of the vehicle. A combination of power train and wrap is equal to the exclusionary plan. When searching for a good plan there are lot of things that you need to compare. This ensures that you get the best coverage as per your specific needs and requirements. Compare and get online quotes so that you can choose the best plan.
Exclusionary Protection Plan-This plan provides the highest level of coverage. This covers all parts of the car and only excludes those that are specifically mentioned in the contract or plan. This is the most comprehensive plan as most parts of the vehicle are covered in it. Stated Component -This plan also offers a lot of coverage. The stated component plan lists parts of the vehicle that are actually covered in the plan. If the component is not mentioned in the list it means that it is not covered. Although this plan does cover a lot of components, it is not as exhaustive as the exclusionary plan. Power Train-This is similar to the stated component plan as it also mentions all parts that are covered under the plan.
The term ‘power train’ refers to specific parts of the vehicle that include the engine, drive axle and transmission. Vehicles with a 4X4 all wheel driver mostly have a transfer case included in the plan. The various parts that are included in the plan are not just important but also expensive to fix. The vehicle service contracts usually include extra amenities like fuel systems, A/C and electrical components. Wrap-This plan covers things that are not included in the power train plan. Most manufacturers provide a 36 month or 36,000-mile warranty. Additional warranty that covers the power train may also be provided. If your vehicle has the power train components covered the wrap plan may cover the additional components of the vehicle. A combination of power train and wrap is equal to the exclusionary plan. When searching for a good plan there are lot of things that you need to compare. This ensures that you get the best coverage as per your specific needs and requirements. Compare and get online quotes so that you can choose the best plan.