When a person buys a new car, they must first buy a comprehensive insurance policy. The Vehicle Protection Plans will pay for liabilities arising from vehicle accidents and protect the vehicle against vandalism, theft, or damage.
It’s important to note that new vehicles also come with a manufacturer’s warranty covering all the significant parts known to get damaged easily. If the vehicle gets damaged and requires parts replacement, the manufacturer’s warranty will cover the replacement cost and pay for the service.
The owner is also entitled to a complete auto service after a specified period. This helps to minimize the frequency of breakdowns. Since every new vehicle comes with a warranty, some people may wonder why CarGuard Administration and other auto service contract companies operate.
The fact is that these companies are there to fill a gap in the industry, which appears to be massive, judging by the number of companies that administer vehicle protection plans.
What is a Vehicle Protection Plan?
This is an auto service contract similar to a manufacturer warranty. It is important to note that while a manufacturer’s warranty is available for every new vehicle a customer purchases, the warranty has an expiration date.
This is usually 3-5 years for most brands. Many manufacturers also specify the mileage that is covered by the warranty. When a warranty expires, the vehicle owner will be exposed to liabilities.
This means they will have to pay for repairs and maintenance out of pocket, which can be costly and inconvenient. That is why buying a vehicle protection plan on top of your manufacturer’s warranty is recommended.
Another reason to buy a vehicle protection plan is to fill coverage gaps. While a manufacturer’s warranty offers extensive coverage, specific components may not be covered.
To fill this coverage gap, the vehicle owner should consider buying a vehicle protection plan from a reliable company, such as CarGuard Administration. However, if a manufacturer’s warranty offers full coverage, there will be no need to buy an additional vehicle protection plan.
How a Vehicle Protection Plan Works?
This is a contract between the service provider and the vehicle owner. The service provider or underwriter agrees to service and repair the vehicle whenever it breaks down, while the vehicle owner agrees to pay the required premium.
The beauty of having a vehicle protection plan is that whenever your vehicle malfunctions, you can be assured of a prompt response from a trusted and reliable partner. If the vehicle requires extensive repairs, you will not feel the pinch because you will not pay for the service out of pocket.
Benefits of Having a Vehicle Protection Plan From CarGuard Administration
1. Roadside Assistance
This is important because nobody wants to get stranded by the roadside when their vehicle breaks down. CarGuard Administration has a large network of partners who are always ready to offer assistance.
When the client reports the breakdown or files a claim, a team will be dispatched to the site to carry out repairs. After the repairs, the client can continue with their trip.
2. Free Rental Car
Some repairs usually take time so the mechanic may give an inconvenient turnaround time. To ensure the client is not inconvenienced in any way, CarGuard will provide the client with a free rental car.
The client can pay for the car and apply for a full refund, which will be processed hassle-free. The rental car will help to ensure the client can go about his or her daily activities unhindered.
3. Competitive Pricing
The beauty of working with CarGuard Administration is that all their plans are competitively-priced. When comparing vehicle service contracts, pricing is not everything.
Ideally, the level of liability coverage must be compared hand in hand with the premiums charged. In this regard, CarGuard Administration offers the most competitively-priced vehicle protection plans.
4. Transparent and Simplified Contracts
While other companies normally hire expensive lawyers to draft sophisticated contracts with a lot of hidden information, CarGuard offers simplified contracts.
The contracts are legally-binding, but they have been written in a language that everyone can understand. This helps to improve transparency. Therefore, every client knows what to expect from the company when they purchase a vehicle protection plan.
5. High-Quality Auto Service and Repairs
CarGuard Administration selects partners carefully. Only firms with the right equipment and staff are considered. The reputation of an auto repair shop must be checked before it can be onboarded. This is crucial as clients expect to get the highest quality of service.
6. Transferrable Contracts
After buying a vehicle protection plan, consumers should know that these plans are transferrable. This means that when selling a vehicle, the resale value will be slightly higher because of having a valid vehicle protection plan.
7. Customized Plans
CarGuard Administration understands that the needs of their clients differ greatly. That is why the company is offering vehicle protection plans that are customizable. If you think the platinum, gold, and powertrain plans are unsuitable for you, the company will create a customized plan to suit your needs.
However, most clients who do not want a bumper-to-bumper plan usually choose powertrain coverage, while those who want bumper-to-bumper coverage choose either the gold or platinum plans.
8. Exceptional Customer Service
One of the main reasons CarGuard Administration has been able to grow fast within a short period is the company’s focus on customer service.
The company is attentive to the needs of both its partners and customers. The CarGuard customer support team is always responsive to concerns raised by partners and clients.
Clients usually get the expected response when they call to file a claim. Similarly, complaints from partners are addressed immediately, whether made over the phone or through email.
It is important to note that CarGuard Administration is committed to creating a sustainable environment in the vehicle service contracts industry, so pricing is competitive while partners are remunerated fairly for their services.