Keep Your Motorcycle Roaring
Do you want to enjoy all of your rides knowing that, whatever happens, your bike is covered for repairs? Then an extended motorcycle warranty may be for you.
The question to ask when thinking about an extended motorcycle warranty is, "How badly do I want my bike to be instantly repaired and paid for?" Buying an extended warranty for your bike can be great insurance for keeping it on the road — but it will cost you a bit of cash each month to have that peace of mind.
For many people, the motorcycle is a commuter vehicle. For others, it's a weekend cruiser. Either way, it's important that the bike stay on the road. If you are worried that unexpected budget-busting repairs could keep you off the road, then an extended motorcycle warranty can be a great purchase for you. It will give you peace of mind knowing that repairs will be made right away and you can get back on the road.
Before committing to an extended motorcycle warranty, take the time to explore the ins and outs of the various coverage options. You can save hundreds of dollars by comparing extended motorcycle warranty quotes. Many coverage options look similar yet have very different prices, so be sure to read the fine print.
Here's a list of important questions to consider:
Do you really need an extended motorcycle warranty?
Your ride is one of your biggest investments, and an extended motorcycle warranty will ensure it's repaired if anything goes wrong. Did you know that the average major repair is over $2,000? With the complexity of today's motorcycles, one major repair often costs more than the extended warranty.
You are making a bet when you buy any extended motorcycle warranty. You are betting that the total amount of the warranty payments will be less than the amount you would pay when your motorcycle breaks down. Before purchasing a warranty, think critically about your particular motorcycle. Is it a make and model that will run for 150,000 miles just by changing the oil regularly? Then you might not want to pay for an extended warrantee. But if your motorcycle has a tendency to break down, or if you can't afford to make a large lump-sum repair payment, a motorcycle warranty can be a great investment.
When should I buy extended warranty coverage?
An extended motorcycle warranty is less expensive the earlier you purchase it. As your motorcycle ages and accrues mileage, the price for protection rises. The newer your motorcycle is, the lower the prices and the longer the terms. The warranty company usually takes into account the time left on your manufacturer's warranty, if any, and takes over after it expires.
What should I look for in the warranty's coverage?
Be sure the most expensive parts of the motorcycle are covered, namely the engine and power train.
How will my claims be handled?
Look for a company that handles all aspects of your claim — and allows you to use the repair facility of your choice. Don't get locked in to going to their preferred provider, who may not be the best option for you.
The warranty company should pay the repair facility immediately via corporate credit card. They should cover all parts, labor and even sales tax (if applicable) with no limit on the number of claims you may have, or the parts that may be used for replacement.
Make sure that the warranty company you are considering will pay the full, posted labor rate to the repair facility and not just the hourly rate designated by the repair guides.
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