It's like any other insurance company. They are in the business to make money, and they do so by trying to keep the amount they shell out less than the amount they take in. They do this in many ways. Deductibles, limits, exclusions, etc. If a customer actually read the contract, he would NEVER agree to it.
You are right, people should read the policy before they purchase, but they are being pushed by a car salesman who makes money on the sale. They aren't necessarily told the truth, in other words. This is the pattern with these 'extended warranty' scams - they are being sold to consumers by individuals who make a commission and in situations where customers either can't or don't want to take the time to read a contract.
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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