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Ford Escape Hybrid Extended Service Plans
I soon learned that all '07 Fords have the extra Powertrain Warranty already. I demamded that the ESP be cancelled within 60 days of purchase to get a full refund of the extra Premium.
I have since learned that California Law prohibits the purchase of an ESP type warranty from any party other than the Dealer. California does not regulate what prices the dealer can charge for these ESP warranties.
California law does allow for the purchase of a Mechanical Breakdown Insurance policy from a third party, even from an online site, provided the selling party is Licensed with the California Dept of Insurance. I quickly found 2 such website MBI providers both of which are registered with the CDI and licensed. Both sites encourage that such policies cover not just "breakdowns" of parts & systems but also "wear & tear" damage.
Requesting a PremiumCare coverage to supplemenmt the Ford Powertrain Warranty can cost as litle as $850 upward to $1100. The higher priced policies extend coverage beyond 5 years and include coverage for basically everything. the Hybrid components are already covered by Ford separately and for a period longer than 5 years.
My plan is to purchase a Premium MBI policy for the maximum years but for a mileage limit of only 50K or 60K to keep the premium down. I just don't put that many miles on a car. I can also reduce the premium by choosing a deductible of either $100 or $200......I mainly want to cover any major repair that might come up after a few years. With my prior car (a Benz) I had to pay over 3K to fix a breakdown of the AC/Heater system after the Mfgs warrany expired.
Anyone else have similar exasperating & confusing experiences with these Extended Service Plans ? Anyone else familiar with Mechanical Breakdown Ins policies ?
Are they worth a one time premium of up to 1K to cove a needed major repair due to break down or wear & tear occuring after the Ford warranty expires?