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The Automotive Extended Warranty market is a subset of the automotive industry that provides additional coverage for vehicles beyond the manufacturer's warranty. It is a form of insurance that covers the cost of repairs and maintenance for a vehicle after the manufacturer's warranty has expired. Extended warranties are typically offered by dealerships, third-party providers, and manufacturers. They can be purchased at the time of vehicle purchase or after the original warranty has expired.
Extended warranties are beneficial for consumers as they provide peace of mind and financial protection against costly repairs. They can also help to maintain the value of a vehicle by ensuring that it is kept in good condition.
Some companies in the Automotive Extended Warranty market include Endurance Warranty, CarShield, and Protect My Car. Show Less Read more