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There is no question of the superior craftsmanship and technology that goes into today’s recreational product assembly. But with that comes expensive repairs should parts or systems fail. For the most part, manufacturer warranties are quite comprehensive, but many fall short on time frames of coverages. Even those providing up to three years of coverage, regardless of how superb that coverage may be, there is still a substantial void for the purchaser who plans to keep that product four or five years or longer, and that is a majority of purchasers. With that in mind, very affordable extended product protection is available at time of purchase to match or better that offered by manufacturers on their products. This protection is available with reasonable deductibles, runs consecutively to manufacturer warranty programs extending complete coverage for up to seven years and is fully transferable should the product be sold. When included as part of a financed amount at the time of purchase, this additional product protection ends up costing pennies a day, usually only adding up to a few dollars per month on your monthly payment amount.
We offer product protection with one the best extended warranty plans in the industry from a leading Canadian provider with a reputation for reasonable rates and no-hassle claim service. Why take a chance on expensive repairs even years down the road when you can budget coverage virtually for as long as you plan on owning the product?
Nobody can predict an accident or even the loss of employment sometime down the road, but the last thing anyone wants to do is leave their estate or themselves encumbered with an ongoing credit obligation and no income to cover it, when it can be prevented. People often say that insurance is expensive and if you had to pay an entire premium amount up front that may be the case, but even then, it is only expensive until you need it.
The reality is, by working with leading Canadian underwriters and administrators, we are able to provide you with creditor life, disability and even involuntary unemployment insurance against your full loan amount at a very low cost. By including the premium type and term selected in the amount being financed, you only pay a few dollars more on your monthly payment, while taking home all the security of knowing that should any of these insured perils befall you, your loan is covered. Flexible coverage options are available for individual and joint purchasers. We can even tailor coverage to suit your payment objectives.
Many people mistakenly assume that if they have existing life and/or disability insurance coverage, then it will automatically be extended to pay out a new loan amount. That is not always the case. Existing policies may be attached to other specific credit obligations (like mortgage insurance) or in the case of general term policies, it may be several months before a payout is made, if at all, and even then, it may not be sufficient to cover all of your credit obligations. By including insurance specific to your new recreational product purchase, you will be assured that the credit obligation is completely covered for the duration of policy chosen, with immediate payout according to terms selected.
We would be happy to explain the many options and benefits available to you when completing a new purchase.
