Aon plans sale of underwriting unit Combined (Business Insurance)
What exactly is covered? Know what's covered -- and what's not covered -- by the extended warranty you're considering. Does the service contract cover breakdown as well as wear and tear? Under a "breakdown" warranty, coverage is extended only to parts that break. Such a policy can prove less inclusive than is desirable, since not all parts fail due to breakage. Some need to be replaced because they've worn down over a period of time; a "wear-and-tear" warranty extends coverage to worn-down parts in need of replacement. Additionally, some "entry level" contracts don't cover ABS brakes, so if your vehicle has this feature, you should consider upgrading to this level. And overheating -- regardless of its cause -- isn't covered in many warranties. Thus, if overheating occurred due to problems with an expensive part such as your radiator, you'd be stuck with a hefty repair bill. Before committing to a warranty, take the time to fully explore the ins and outs of its coverage implications. The distinctions between the various plans might seem slight, but they can prove quite important.
Aon plans sale of underwriting unit Combined (Business Insurance)
CHICAGO—Aon Corp. said Tuesday that it has renewed its effort to fully divest itself from the underwriting business. The announcement came as the Chicago-based broker reported gains in revenues and profits for the first half of 2007.
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Aon plans sale of underwriting unit Combined (Business Insurance)
Basic: Your basic automobile warranty covers everything except items subject to wear and tear, such as oil filters, wiper blades, and the like. Tires and batteries often have their own warranty coverage, which will be outlined in your owner's manual. Emissions equipment is required to be covered for two years or 24,000 miles by the federal government and 8 years and 80,000 on certain components.
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