Veritas Guard Global Protection Extended Warranty

[djnuge]

Has anyone purchased extended warranty from this company? They offer coverage or new and used cars (expired manufacturer warranty) cars.

[findalex]

My general rule of thumb is if you can afford the losses, then you don't need to buy insurance. e.g. if you can afford $5 - 6K for a major repair (may or maynot happen), then don't spent $1 to 2k on extended warranty. Insurance makes money by giving you back less than you pay them. You're just buying peace of mind, and even that's fake. In fact, insurance rate is bascially a probably game, and it's set in their favor just like the casinos.

Chances are high they will NOT pay out when you think they should. Trouble is, they get to decide what damages are covered and it's in their best interest to deny. There isn't any consumer protection that I know of and you probably have to agree to an aritration (and give up lawsuit ability) when they decline your claim. But then they get to pick who does arbiration. The arbitor gets their money from the insurance company, so which side do you think they're on?