price paid for extended warranty

[xlittlejohnx]

Technically, the dealer should not use the term "bumper-to-bumper." Platinum coverage should cover virtually the entire car except for wearable items- brake pads, wiper blades, belts, etc. The facotry warranty and an HPP from Hyundai was previously backed by Fidelity (JM&A). Starting January 2013, Hyundai began backing its own factory warranty and now provides the HPP, so you will not find a Fidelity contract with Hyundai branding. IMO, the Fidelity product is still far superior, but I have not yet had experience with the new Hyundai backed HPP from a claim stand point. One thing to keep in mind if you do have the option, Fidelity will cover the Radar Cruise, but the new Hyundai product will not. Fidelity does come at a greater cost, but not by much. I would not purchase anything other than a Fidelity or Hyundai product. Also, Fidelity backs both Audi and BMW extended service contracts. I lease and will probably purchase my 2012 Genesis 4.6 with Tech package. Actually, I started with a 2011, but thats a long story for another thread. I also have a Lexus GX470 and a BMW M5. I restore older BMWs in my spare time and I have worked in the automotive business for over 13 years. I'm certainly a car nut and very well respected in my circles, so you may consider my advice solid. Hope I was helpful...

 

[thebells]

For anyone interested, here is the quote I received from Jim Ellis today for the Hyundai PP - Platinum coverage. This is based on my car which you can see below with 3.6k miles. The Jim Ellis folks are great (this is not your typical Hyundai dealer, they actually do treat their customers well...). Sorry it's a little choppy, cut and paste from 2 e-mails as I'm headed out the door.

6yr/75,000..$1007 with a 0 deductible

6yr/75,000..$912 with a 100 deductible

7/100,000…$1235 with 0 deductible and $1115 with 100 deductible

6yr/60,000…979 with a 0 deductible

6yr/60,000…884 with a 100 deductible

you can go as long as a 10yr 100,000 mile plan for $1360 with a 0 deductible and $1240 with a 100 deductible

These are underwritten by Hyundai and they are additive term.

Hope this is helpful.

 

[BrazGenesis]

The prices look good!
I don't understand why a deductible if the difference is so small.
We have basically the same car. Including mileage.
My question may sound stupid... but I have to ask.
When you mention 6 years they ADD to the factory warranty or they superimpose, giving in fact one more year only?
Anyway, given the complexity of a Genesis this sounds like a good health insurance.

 

[DRS]

I have the plat. on mine. 10/100 $0. Bumper to bumper. Not in addition by expands coverage over the base 10/100 for power train.

Includes a bunch if long distance towing and expenses coverage if needed. Other goodies like that.

I also got the Hyundai coverage for unlimited miles and I believe 5 years on key fob damage, loss or failure. Was not bad.

Also the dealer hear has a 20/200k $0 extension for power train only... Free. Butler Group Indy. I read the fine print and it is not bad. Original owner only.

Oh, if you sell or trade the car, you can choose to transfer the Hyundai warranty extension. No certified required. Also, if you want your money back (say on a trade), any unused is refunded to you on the 10/100 full bumper to bumper coverage. Not bad.

Hope that helps

 

[BrazGenesis]

I have the plat. on mine. 10/100 $0. Bumper to bumper. Not in addition by expands coverage over the base 10/100 for power train.

Great points!
So, given that the full (almost...) bumper to bumper is 5 years is it right to say that if you buy extended coverage when you buy the car you get:

1. Bumper to bumper for 10 years?
2. Goodies over the standard warranty for 10 years?

In summary: you double the warranty and get goodies for ten years.

Is this a fair interpretation?

 

[thebells]

Hey BrazGenesis, My understanding is that the term is from the purchase date of the warranty and the miles are total on the car. Meaning if your car has been in service for 12 mon and has 10k miles, if you bought the 10/100 coverage above, you'd actually be buying (from date of purchase) 10 yrs and 90k miles of coverage.

One thing to remember is that a lot of your electronics like nav, audio, Bluetooth, cd/dvd are only covered 3/36, not 5/60 and certainly not 10/100 under the original wty. So if you were to buy the 6/60 coverage (not for me, but if you choose it), you would predominately be buying coverage of those components. If I do it, I'll likely do the 10/100.

Bottom line is the folks who sell these things are used to the terminology while folks like us aren't, so if you explore this further, get them to spell it out for you so that it's clear and you know what you're buying. If they won't spell out clearly, it's probably not the deal it seems so I'd stat away. That said, buying from a local dealership like Jim Ellis is for me also provides a bit of extra comfort that they will stand behind what they say/sell....

 

[krazyfiend]

For anyone interested, here is the quote I received from Jim Ellis today for the Hyundai PP - Platinum coverage. This is based on my car which you can see below with 3.6k miles. The Jim Ellis folks are great (this is not your typical Hyundai dealer, they actually do treat their customers well...). Sorry it's a little choppy, cut and paste from 2 e-mails as I'm headed out the door.

6yr/75,000..$1007 with a 0 deductible

6yr/75,000..$912 with a 100 deductible

7/100,000…$1235 with 0 deductible and $1115 with 100 deductible

6yr/60,000…979 with a 0 deductible

6yr/60,000…884 with a 100 deductible

you can go as long as a 10yr 100,000 mile plan for $1360 with a 0 deductible and $1240 with a 100 deductible

These are underwritten by Hyundai and they are additive term.

Hope this is helpful.

Did you find out if there is a surcharge to cover the Navi/DVD/related items? I know dg_moore last fall had mentioned emailing them (Jim Ellis) about the terms (as someone had brought up the subj matter of the surcharge of like 150$ extra on top of the HPP to cover said iterms) after he purchased an ext warranty through them--but never heard back/updated the thread if he eventually did. Thanks! Some really great intel in these recent posts to help me out in the next month or so.

 

[DRS]

Great points!
So, given that the full (almost...) bumper to bumper is 5 years is it right to say that if you buy extended coverage when you buy the car you get:

1. Bumper to bumper for 10 years?
2. Goodies over the standard warranty for 10 years?

In summary: you double the warranty and get goodies for ten years.

Is this a fair interpretation?

Yes... Bumper to bumper for 100k odometer miles and ten years from purchase. Cover just about everything but brake pads, tires and rotors. Includes the emissions warranty which in our state they are allowed to go below 10/100k.

 

[thebells]

Krazyfiend,

I've asked specifically about coverage for those things and they tell me it covers all FACTORY INSTALLED electronics. They sent me an electronic copy of the glossy brochure and as I read it, they are correct. I'm not sure how to post such a .pdf, but as I recall this is also available on Hyundai's website via a google search.

 

[krazyfiend]

Thanks!

Found the page, has a PDF download link at the bottom.

http://www.hyundaiprotectionplan.com/#breakdownsVSC

You are correct.

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[thebells]

That's a different brochure than I have. There isn't hardly any detail there, where the one have has a little more and describes the warranty as exclusionary, meaning unless specifically excluded, it's covered....

Not sure where to go from here except to read in detail the materials that are provided with the warranty should you purchase. I suspect there is some cancelation period whereby you could read the documentation and then cancel if it's not what you thought you were getting.

I'll ask Jim Ellis for a copy of the fine print....don't know if they can/will provide as I'm not a customer yet.

 

[krazyfiend]

Since you already have the digital version..perhaps upload it to

http://www.scribd.com/upload-document (you can just hit 'trouble logging in' link to bypass needing to log on to FB or make an account)

or

http://www.docstoc.com/

I'd appreciate it, as I'm sure others would too.

 

[thebells]

Hope this works....

Link: http://www.scribd.com/doc/141676885/h-Pp-Vehicle-Protection-Plan-Brochure

 

[thebells]

Sorry, read under Platinum Exclusions in lower right corner.

 

[thebells]

Hi Folks,

I got a copy of the "fine print" today and here is exactly what it says is excluded from coverage on the HPP Platinum warranty. I don't particularly like what I read here unfortunately and it doesn't jibe with the all FACTORY INSTALLED electronics are covered....

"UNDER PLATINUM COVERAGE, ANY OF THE FOLLOWING PARTS: STANDARD TRANSMISSION CLUTCH COMPONENTS, AIR BAGS, SOLAR
POWERED DEVICES, HINGES, GLASS, LENSES, SEALED BEAMS, BODY PARTS AND/OR PANELS, TRIM, MOLDINGS, DOOR HANDLES, LOCK
CYLINDERS, TIRES, WHEELS, BATTERIES, LIGHT BULBS, UPHOLSTERY, PAINT, BRIGHT METAL, FREEZE PLUGS, HEATER AND RADIATOR HOSES,
EXHAUST SYSTEM. AUDIO, SECURITY, IN-VEHICLE COMMUNICATIONS AND/OR ENTERTAINMENT OR OTHER SYSTEMS NOT FACTORY
INSTALLED OR APPROVED. WORK SUCH AS FRONT-END ALIGNMENT OR WHEEL BALANCING, SAFETY RESTRAINT SYSTEMS, CELLULAR
PHONES, ELECTRONIC TRANSMITTING DEVICES (EXCEPT FOR THOSE SPECIFICALLY LISTED UNDER GOLD COVERAGE), RADAR DETECTORS,
APPLIANCES, NEAR OBJECT AVOIDANCE SYSTEMS AND ALL LASER RADAR CRUISE CONTROL COMPONENTS, VINYL AND CONVERTIBLE
TOPS"

As I read it, this does not cover the smart cruise or the parking sensors but it does cover Bluetooth and the upgraded audio system. Anybody have any further/better thoughts on this?

 

[swltf183]

The exclusion of "audio" and "appliances" is why I have not purchased the warranty.

Not sure what an "appliance" is considered to be, but I fear they may say it's the navigation unit.

 

[DRS]

The exclusion of "audio" and "appliances" is why I have not purchased the warranty.

Not sure what an "appliance" is considered to be, but I fear they may say it's the navigation unit.

It says "not factory installed." Your stuff is covered.

 

[DRS]

Hi Folks,

I got a copy of the "fine print" today and here is exactly what it says is excluded from coverage on the HPP Platinum warranty. I don't particularly like what I read here unfortunately and it doesn't jibe with the all FACTORY INSTALLED electronics are covered....

"UNDER PLATINUM COVERAGE, ANY OF THE FOLLOWING PARTS: STANDARD TRANSMISSION CLUTCH COMPONENTS, AIR BAGS, SOLAR
POWERED DEVICES, HINGES, GLASS, LENSES, SEALED BEAMS, BODY PARTS AND/OR PANELS, TRIM, MOLDINGS, DOOR HANDLES, LOCK
CYLINDERS, TIRES, WHEELS, BATTERIES, LIGHT BULBS, UPHOLSTERY, PAINT, BRIGHT METAL, FREEZE PLUGS, HEATER AND RADIATOR HOSES,
EXHAUST SYSTEM. AUDIO, SECURITY, IN-VEHICLE COMMUNICATIONS AND/OR ENTERTAINMENT OR OTHER SYSTEMS NOT FACTORY
INSTALLED OR APPROVED. WORK SUCH AS FRONT-END ALIGNMENT OR WHEEL BALANCING, SAFETY RESTRAINT SYSTEMS, CELLULAR
PHONES, ELECTRONIC TRANSMITTING DEVICES (EXCEPT FOR THOSE SPECIFICALLY LISTED UNDER GOLD COVERAGE), RADAR DETECTORS,
APPLIANCES, NEAR OBJECT AVOIDANCE SYSTEMS AND ALL LASER RADAR CRUISE CONTROL COMPONENTS, VINYL AND CONVERTIBLE
TOPS"

As I read it, this does not cover the smart cruise or the parking sensors but it does cover Bluetooth and the upgraded audio system. Anybody have any further/better thoughts on this?

Now I have to go back and see what I have from them. They said all electronics. I was specific on the cruise and sensors. They must have been wrong. I guess those ru out at 60k?

 

[krazyfiend]

Hence a few people having a rider tagged onto their HPP policies and paying a surcharge upfront to cover those additional items (supposedly).

Hopefully Jim Ellis can provide a straight answer, or perhaps I should fire a letter off to HMA or post something on the ThinkTank.

 

[BrazGenesis]

Hence a few people having a rider tagged onto their HPP policies and paying a surcharge upfront to cover those additional items (supposedly).

Hopefully Jim Ellis can provide a straight answer, or perhaps I should fire a letter off to HMA or post something on the ThinkTank.

Your initiative would be great. In fact it is the missing link to fully understand what seems to be a valuable tool for keeping our cars perfect at a more than adequate cost.
Maybe the perfect trade off becomes a deductible. Just the one that at first sight seems unnecessary because of the little difference in premium. A "really full bumper to bumper" ammendment with a fair deductible looks like the fair solution for us to be insured.