RAC Warranty

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Supplied by ALA.co.uk
Supplied by ALA™

Top Tips for Buying an Extended Warranty

QUOTE ME

Although extended warranties can all start to look alike, as with all insurance policies, the devil really is in the detail.

Whilst it doesn’t make for exciting reading, it is important to check through the documents to confirm exactly what cover you are looking at purchasing or, indeed, have already purchased.

The following points are just a few things to look out for when buying your extended or used car warranty:

Trusted Retailer

1. Trusted Retailer

The RAC and ALA are both highly reputable companies: The RAC is instantly recognisable and needs little introduction; ALA are a well-established GAP Insurance provider, featured on Which? and independently reviewed as a 5 Star GAP insurance provider by Defaqto.

We are steadfastly consumer orientated and ALA Insurance has strong links with other household names, including AutoTrader, Honest John, Money.co.uk and JCB.

RAC Warranty duplicates the strengths of ALA Insurance with excellent customer service and high quality, competitively priced products always remaining the top priorities.


A Rated Underwriters

2. A Rated Underwriters

ALA and our underwriters, Assurant, are authorised and regulated by the FCA and as such your policy is covered under the Financial Services Compensation Scheme (FSCS) and the Financial Ombudsman Service (FOS).


Betterment

3. Betterment

Betterment would come into play if a repair to your car could be seen to increase the value of it, and so this is often excluded.

It is important to ensure your warranty does not contain such a clause otherwise you may need to contribute towards a repair - RAC Warranty does not include a betterment clause and so does not limit your settlement where betterment may occur.


Consequential Damage

4. Consequential Damage

Where one part of your car breaks down and causes the mechanical failure of another, most warranty providers will exclude this type of so-called “consequential damage” from cover. As standard, RAC Warranty covers for the repair or replacement of parts necessitated by the breakdown of another part.


Free Transfer

5. Transfer of Cover

With some warranties your cover ends if you sell your car. With RAC Warranty you can either transfer the cover to the new owner of the car within 14 days of the sale, subject to the new owner being eligible for cover.

Alternatively you can cancel the policy and obtain a pro rata refund based on the number of full unexpired months remaining, less the cost of any accepted claim.

Please note that these options incur a £25.00 administration fee.


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