What should it cover? Is the coverage a “listed” plan or is it an “exclusionary” plan?
Most extended warranties in this industry tell you what is covered. It outlines a long list of covered components and looks very comprehensive to the untrained eye. The automotive industry is introducing new makes and models with many model specific components. It is impossible to list all parts of every automobile in a comprehensive extended warranty. Exclusionary policies have the highest level of coverage. These plans most closely resemble a manufacturers warranty and assume that ALL components are covered with only a short list of exclusions for items such as wiper blades and routine maintenance items. Exclusionary policies by their very nature are much more comprehensive than listed plans. Buying an exclusionary plan will eliminate the concern of whether a component or repair is covered.
