Friday, January 01, 2010

Do you know the difference between exclusionary and inclusionary warranties?




One of the most important and misunderstood parts of buying an extended warranty is the difference between exclusionary and inclusionary contracts. Do you know the difference?










With an exclusionary contract everything within a system that isn’t covered is spelled out so you know exactly what is and isn’t covered. An inclusionary contract simply tells you the systems and parts that are covered and the only way you know what isn’t covered is when you make a claim.






And never buy a warranty without seeing and carefully reading the actual contract first.