Getting an extended car warranty sounds like purchasing insurance on your umbrella. You would never want to have to use it, but when it rains and the umbrella snaps, you’ll be glad you had it! The problem? Very few people read any kind of reviews before joining coverage. This is a high price to pay. Thinking about extra coverage for your car learn more through Extended Car Warranty Reviews.

First, some of the big names. Carahertz, Endurance and autopom! are among the most popular automotive service shops according to consumer surveys. One of the best aspects of Endurance is that it sells directly to consumers, so there’s no middle man taking a bite out of your coverage. Real people say that they’ve been able to get claims processed quickly and that they’ve had relatively painless reimbursements. That’s rare. If it’s like finding a parking space in the heart of the city, then you have got it.

But the problem is that it’s not as easy as it sounds. Many warranties have restrictions that are hard to find in the fine print. According to one Reddit user, his $3,200 transmission repair was denied because a single sensor was not part of the “covered components. Painful. This is a common trend that can be seen on reviews from Trustpilot and the Better Business Bureau. A major drawback of having a low monthly payment is that it may only cover a small part of the policy. As with all things, you pay what you get, or sometimes you get way less.

Not all third party warranty companies are the same. Others are downright shady — they’ll pick up your premiums for a year and a half and then go under before you can even file a claim. Thousands of drivers are left with worthless contracts by short lived American Warrior Shield and other types of companies. That is why it’s essential to research a company’s financial support and BBB rating before investing. A good rule of thumb: search the company name and “complaints. A person is successful by the number they come up, that’s all.

So what are the things you should look for? Wear-and-tear coverage, rather than catastrophic failure coverage. A transferable contract, if you are looking to sell. A 30-day refund policy. And preferably, 24 hours a day road side assistance included. Look at 3-5 customer reviews, not the ones that are posted by the company on their site. Those are as reliable as a car with 200,000 miles that is listed as “runs great”. Make sure to do more research, make sure to use a price comparison at least three providers and never rush into a high pressure sale. There IS a right warranty! It’s just a matter of digging around.