chuck bernstein

Costco came out with their own mechanical breakdown coverage that is underwritten by Century in Florida. I was told that Costco did their research in finding a dependable company to sell to their members. Below is a quote I got on my new 997.2 and the coverage would get me another 3 years and 20,000 miles after the factory warranty wears out. I do about 3k miles a year because it is a third car and time is more valuable to me than mileage.

What do you guys think? I was told the deciding mileage factor for premium calculation is 10K. I currently have 700 miles on the baby. So I can theoretically wait and pay the same premium down the road for the same plan terms. The only risk is that the 997 has recognized faults down the road and the premium is raised. I asked the salesperson and they have been covering IMS bearing fixes prior to 2009. She knew the model year cutoff for this Porsche problem. They don't consider them pre-existing conditions.

Chuck
Dix Hills NY

_________________________________________________________________
Thank you for your interest in protecting your vehicle with a Vehicle Protection Plan from Century Warranty Services.


Benefits & Features*
•Exclusive Costco Member pricing
•Virtually all components are covered, except those listed under Exclusions
•Provides 24/7 roadside assistance, towing, car rental & travel coverage
•Direct payment to any franchise dealer or to any licensed repair facility in the U.S. and Canada
•Flexible and interest-free payment plans available
•Insured by Courtesy Insurance Company, A.M. Best rated "A" (Excellent)


Quote Details

Based on the information you provided, the following confirms the coverage terms and plan cost we discussed:






Vehicle:

2012 Porsche 911



Plan:

Premium Care



Deductible:

$100



Term (Add-On):

84/70,000



Current Odometer:

9,900



Expiration Miles1:

79,900



Expiration Date1:

11/15/2019



1Whichever Comes First





VPP Cost:

$3,509.00



Sales Tax:

$140.36



Total Cost:

$3,649.36









Down Payment:

$364.94



Number of Payments:

18



Monthly Payments:

$182.47



Please note that this quote is valid at the Current Odometer and through 12/15/2012

For more information or to purchase a Vehicle Protection Plan, call
toll-free at 1-877-900-9025


Vehicle Protection Plans are offered by Costco Auto Program and are provided by Century Warranty Services, Inc., 8019 Bayberry Road, Jacksonville, FL, 32206 License #60114 except in CA, KY and MD, where Vehicle Protection Plans are offered through Affinity Auto Insurance Services, 10251 Vista Sorrento Parkway, Suite 300, San Diego, CA 92121 (CA License #OH92052 KY License #788153, MD License #2094786) in conjunction with the Costco Auto Program and are provided by Courtesy Insurance Company NAIC #26492. All Vehicle Protection Plans are backed by Courtesy Insurance Company.

*Certain eligibility criteria, conditions, restrictions, limits and exclusions apply. See the Vehicle Protection Plan for details.

Minok

Exclusions appear to be:
EXCLUSIONS FROM COVERAGE: THIS SERVICE CONTRACT WILL NOT PAY OR
REIMBURSE YOU FOR:
1. ANY LOSS, DAMAGE OR EXPENSE CAUSED BY ACCIDENTS, ANY ALTERATION
TO THE VEHICLE OR THE PART, USE OF UNDERSIZED OR OVERSIZED TIRES
OR WHEELS, ALTERATION TO THE VEHICLE NOT AUTHORIZED BY ITS
MANUFACTURER, THE FAILURE OF ANY PART NOT COVERED BY THIS SERVICE
CONTRACT, OR ACCIDENTAL LOSS;
2. ANY MECHANICAL BREAKDOWN CAUSED BY ACCIDENTS, COLLISION, UPSET
DAMAGE, FALLING OBJECTS, THEFT, LARCENY, EXPLOSION, LIGHTNING,
EARTHQUAKES, FIRE, WINDSTORMS, HAIL,WATER, FLOODS, SUBFREEZING
TEMPERATURE, MALICIOUS MISCHIEF, VANDALISM, CIVIL COMMOTION,
RIOTS, OR WARS;
3. THE REPAIR OR REPLACEMENT OF A COVERED PART BY ANY MANUFACTURER’S
WARRANTY OR FOR ANY OTHER COVERAGE OR OTHER REASON THE
MANUFACTURER, IMPORTER, DISTRIBUTOR, SELLER OR REPAIRER OF
THE VEHICLE WILL REPAIR OR REPLACE THE PART AT ITS EXPENSE OR AT
A REDUCED COST. SOLE COVERAGE FOR SUCH REPAIRS OR REPLACEMENTS
SHALL REST WITH THE MANUFACTURER WARRANTY OR OTHER COVERAGE,
REGARDLESS OF WHETHER THE MANUFACTURER OR OTHER COVERAGE
PROVIDER HONORS THEIR CLAIM;
4. ANY INVOICE PRESENTED TO CWS FOR PAYMENT FOR SERVICES NOT
PERFORMED AS DESCRIBED AT THE TIME OF AUTHORIZATION;
5. ANY CLAIM IF YOUR VEHICLE’S ODOMETER, SINCE THE PURCHASE DATE OF THE
SERVICE CONTRACT, HAS BEEN ALTERED, DISCONNECTED, IS INOPERABLE, OR
ACTUAL MILEAGE CANNOT BE DOCUMENTED, OR REASONABLY BE ESTIMATED;
6. ANY CLAIM IF YOUR VEHICLE IS USED FOR COMPETITIVE DRIVING OR RACING,
POLICE OR EMERGENCY SERVICE, PRINCIPALLY OFF-ROAD USE, SNOW
REMOVAL, CARRIAGE OF PASSENGERS FOR HIRE, COMMERCIAL DELIVERY/
SERVICE/REPAIR, RENTAL PURPOSES, ROAD REPAIR, CONSTRUCTION
OR HAULING ACTIVITIES, OR TOWING A TRAILER OR ANOTHER VEHICLE
UNLESS YOUR VEHICLE IS EQUIPPED FOR THIS AS RECOMMENDED BY THE
MANUFACTURER;
7. ANY MECHANICAL BREAKDOWN CAUSED BY MISUSE, ABUSE, NEGLIGENCE
(INCLUDING THE NEGLIGENCE OF ANY REPAIR FACILITY), IMPROPER TOWING,
OR LACK OF MAINTENANCE OF THE FAILED COVERED PART;
8. ANY MECHANICAL BREAKDOWN CAUSED BY CONTAMINATION, OVERHEATING,
LACK OF COOLANT OR LUBRICANTS, LACK OF OIL VISCOSITY, SLUDGE,
RESTRICTED OIL FLOW, SALT, ENVIRONMENTAL DAMAGE, CHEMICALS, OR
RUST AND RUST DAMAGE;
9. THE NEED TO REPAIR OR REPLACE A COVERED PART ARISING OR RESULTING
FROM THE USE OF YOUR VEHICLE OUTSIDE OF THE UNITED STATES, ITS
TERRITORIES, POSSESSIONS OR CANADA;
MTUC (03/12) 8 of 18
SAMPLE
10. HAZARDOUS WASTE DISPOSAL CHARGES, BATTERY DISPOSAL CHARGES,
ENVIRONMENTAL FEES, STORAGE OR FREIGHT CHARGES; ADJUSTMENTS;
SHOP SUPPLIES, CORE CHARGES, OR CORRECTION OF RATTLES/SQUEAKS/
WIND NOISE/ODORS/WATER LEAKS;
11. ANY CONSEQUENTIAL DAMAGES (INCLUDING BUT NOT LIMITED TO FIRE
DAMAGE),SECONDARY DAMAGES OR OTHER COSTS THAT YOU MAY SUFFER
AS A RESULT OF THE NEED TO REPAIR OR REPLACE A COVERED PART;
12. LIABILITY FOR DAMAGE TO PROPERTY, INJURY TO OR DEATH OF ANY PERSON
ARISING OUT OF THE OPERATION, MAINTENANCE OR USE OF YOUR VEHICLE
WHETHER OR NOT RELATED TO THE COVERED PARTS;
13. UNDER PREMIUM CARE COVERAGE, ANY OF THE FOLLOWING PARTS: 14. GRADUAL BATTERY CAPACITY LOSS. NICKEL-METAL HYDRATE OR LITHIUMION
BATTERIES, LIKE ALL BATTERIES, WILL EXPERIENCE GRADUAL CAPACITY
LOSS WITH TIME AND USE. LOSS OF BATTERY CAPACITY DUE TO OR
RESULTING FROM GRADUAL CAPACITY LOSS IS NOT COVERED UNDER THIS
SERVICE CONTRACT;
15. BURNT VALVES OR PISTON RING FAILURE WHICH IS NOT A RESULT OF NORMAL
WEAR OR THE FAILURE OF ANOTHER COMPONENT COVERED BY THIS SERVICE
CONTRACT. THE CORRECTION OF OIL CONSUMPTION DUE TO IMPROPER
MAINTENANCE OR FAULTY REPAIR;
16. ANY MAINTENANCE ON YOUR VEHICLE;
17. ANY PERSONAL EXPENSES (EXCEPT WHERE NOTED UNDER TRAVEL
BREAKDOWN) ARISING BECAUSE YOUR VEHICLE IS NOT AVAILABLE FOR YOU
TO USE;
18. DAMAGES CAUSED TO YOUR ENGINE RESULTING FROM THE INGESTION OF
WATER THROUGH THE ENGINE AIR INTAKE SYSTEM (COMMONLY REFERRED
TO AS WATER INGESTION);
19. ANY MECHANICAL BREAKDOWN WHICH EXISTED OR WAS CAUSED BY A
CONDITION KNOWN TO YOU ON OR PRIOR TO THE CONTRACT PURCHASE
DATE.

mgordon18

#8 states:
8. ANY MECHANICAL BREAKDOWN CAUSED BY CONTAMINATION, OVERHEATING,
LACK OF COOLANT OR LUBRICANTS, LACK OF OIL VISCOSITY, SLUDGE,
RESTRICTED OIL FLOW, SALT, ENVIRONMENTAL DAMAGE, CHEMICALS, OR
RUST AND RUST DAMAGE;

Is that how they might get out of paying for an IMS bearing failure? Could that be considered "lack of coolant or lubricants?"

sandwedge

I don't even need to read beyond the language above. Those are broad enough strokes - all in their favor - where there's no reason to get involved imo. Just for starters, I'm sure my Tubi exhaust would be used against me for any engine related claim. And if I had some kind of failure of a suspension part, would a 315 rear tire instead of the stock 305 be considered "oversized"? Probably. The way this is written, they could raise hell over after-market exhaust tips since after all, it is an alteration that could have caused the damage to the engine unless you can prove otherwise. No thanks.

joey c

i would not do it..

daberlin

The whole idea on one of these warranties is an insurance policy against a massive repair bill, but reading the exclusions it sounds like any major repair could be denied. I'd probably not risk it and use one of the more commonly referenced services listed here on the forum. My 2cents.

Nolan Santacruz

Sounds like you got a good deal! I’d say go for it. If you want something to compare it with get a quote online for an extended warranty coverage on your Porsche. You might find something cheaper but make sure you know what is covered and what’s not covered up front.

patpetillo

I just called a few days ago and received a quote for a $250 deductible. For my 2010 C4S cab the price was around 2400 for a 60k program I have debating due to the reason raised above.

mjsporsche

Not sure I followed the comment regarding IMS repairs.

Think about what are the items that might require repair or replacement.

(1) IMS

(2) Tire Pressure Monitor Sensors (about $1K at a dealer)

(3) Navigation system

(4) Water pump

I am sure there are many other examples that rennlisters can add to the list.

Check if those items are covered.

kisik

I have bought it when I had just below 25k (price break point). It was like $3.4k for extra 6 years/84k mi. I never used them yet. Though, I have checked them once just to test. I had my mechanic called about a strut and it appeared that an adjuster confirmed right away that is no problem covering. I figured for about $560/year I would get a coverage. Also if I sell it the remaining balance (transferable) would be a good easily recoverable adder to my asking price for potential new owner.
You can ask about specific items and get it in writing. Good luck

-----------------------
MY 05' C2C 6MT 33k

iammulva

Exclusions appear to be:
EXCLUSIONS FROM COVERAGE: THIS SERVICE CONTRACT WILL NOT PAY OR
REIMBURSE YOU FOR:
1. ANY LOSS, DAMAGE OR EXPENSE CAUSED BY ACCIDENTS, ANY ALTERATION TO THE VEHICLE OR THE PART, USE OF UNDERSIZED OR OVERSIZED TIRES OR WHEELS,


I've never dealt with an aftermarket warranty claim, but I read the above language as I have bolded it. That is, the damage must be "caused by" the alteration. Mere existence of an alteration is not enough. Given the wording, I would say the burden is on the insurer to prove the damage was "caused by the alteration" rather than the insured proving that it was not.

utkinpol

any clause related to lack of lubrication will make your IMS repair bill not covered by this 'warranty'.
Costco is out.

fidelity platinum is so-so but it has a lot of complaints on BBB about their practices and they are 'creative' where it comes to covering labor. with motor repair labor is where you lose a lot of $

so I do not know, I am looking myself as well on what to choose in $2k-$5k area for 5 years. so far it is not very easy, I wish more people who were covered in such situations for motor repairs would chime in about their particular type of aftermarket coverage.

G356

With respect to vehicle warranties, lack of lubrication generally involves to the owner forgetting to place oil in the car and as a result failure occurs.

Costco covers wear and tear and leaky seals and gaskets and I would argue it is the best aftermarket warranty available. Their coverage is extensive compared with competitors.

Try finding an aftermarket warranty that will put in writing before you purchase that they will cover seals and gaskets; wear and tear; and tpms. You won't find any except for Costco.

kisik

When I talked to underwriter, he explained that if I showed a proof of my oil changes that would cover the "lack of lubrication". I am still optimistic. May be because I already bought it. I will engage Costco executives if any of my claims would be denied.

--------------------------------------
'05 997 C2S 6MT Midnight Blue

91469972

48 month or 48,000 miles with a 250 deductable will be 3275 Fidelity for my 2009 with 19,000 miles