Where to Renew my M5 Warranty?
Discussion
Hi Everyone,
The warranty is due on my M5 in January and have just had a letter from my dealer. It offered the following costs: Comprehensive £835, Named Component £706 and DriveLine £557.
So, always best to shop around, and I've found £325 (inc IPT - whatever that is) at http://www.click4warranty.co.uk/ (term 12 months, and max claim £5000). It seems very cheap doesn't it? Can anyone see, or think of, any problems:
It's their 5-star warranty (as opposed to their 3 and 4 star one) and comes with the following description:
"over against breakdown due to WEAR & TEAR included as standard
"Wear and tear" is the expected reduction in performance of a part due to the cars age, mileage and/or use. Many companies exclude it, others charge a premium to cover it. All our policies cover breakdown of an insured part attributed to wear and tear. ... more
No increase in premium for high mileage cars
Most warranty providers penalise high mileage car drivers irrespective of whether a claim is made or not by charging more for the warranty. Click4warranty don't, instead we require a contribution toward the cost of repairs in the event of a valid claim. This is known as "The Z Scale" and means instead of paying a premium loading at the outset, there is a contribution for "betterment" in the event of a claim. Not unreasonable as the car is in better condition than it was before
Parts and labour covered
Your Click4Warranty policy pays toward the costs of parts and labour for repair or replacement of an insured component.
Choice of claim limits
All Click4warranty policies have a choice of three substantial claim limits, £3,000; £5,000 and £7,000. This is the maximum amount payable on each and every claim.
Unlimited number of claims.
You can make an unlimited number of claims and we will apply the single claim limit to each claim. The maximum amount we will pay "in total" during the term of the policy is set at the Glass's Guide retail value of your car at the time of claim.
Cover from day one
Sudden, unknown and unexpected failures are covered from the day your policy starts.
No annual mileage restriction
The Click4Warranty policy has no limit on the annual mileage you drive. Your car will continue to be protected by a Click4warranty policy until it has covered 150,000 mile
Claims handled over the 'phone
All you need to do is pick up the phone and call us. To keep the process quick and simple we process everything over the 'phone. ... more
Claims settled directly with the repairer.
Wherever possible, to avoid your being out of pocket, we will settle authorised claims directly with the repairer. ... more
Vehicle Recovery included
Up to £100 towards the cost of recovery to the repairing garage
Replacement Car Hire included
Up to £30 a day towards the cost of a replacement vehicle while your car is being repaired.
Overnight accommodation and rail fares included
Up to £60 towards hotel expenses or a return rail ticket.
European Cover included
Up to 60 days cover for driving in the Republic of Ireland and mainland Europe
Clear and definitive Terms & Conditions
In 2003 the Insurer saw an opportunity and became a partner, immediately providing us the enviable flexibility to write terms & conditions that are clear and definitive.
21 day money back guarantee
Unlike other providers we allow you 21 days (not the standard 14) from the date the policy was purchased to cancel your policy and receive a FULL refund.
Cover may be transferred to new private owner
A warranty is a valuable selling tool if you decide to sell your car. The warranty may be transferred to the new owner, simply call us to request the transfer and we will transfer the balance of your policy to the new owner. We do require a £25 contribution from you toward the administration costs. Conditions do apply (for example we cannot transfer the policy if you sell your car to a motor dealer)"
The policy covers the following:
ENGINE
The rocker assembly, including hydraulic followers
inlet and exhaust valves [not burnt valves]
springs and guides
cylinder head [not cracks and de-coking or porous heads]
cylinder head gasket [except skim]
push rods
camshaft and followers
timing gears and chains [excluding tensioner]
oil pump
pistons and rings
cylinder bores
con rods
gudgeon pins and bearings
crankshaft and bearings
inlet manifold
flywheel and ring gear
Timing belts are covered as long as they have been changed in line with the manufacturers schedules. You will need to be able to provide proof of this.
MANUAL GEARBOX
Internal gears
Internal shaft
synchromesh hubs
selectors
bearings and bushes and transfer gears
AUTOMATIC GEARBOX
Internal shafts
gears
clutches
brake band
valve block
governor
oil pump
bearings and bushes
servo
drive plate and transfer gear
DIFFERENTIAL
Internal crown wheel and pinion
gears
shaft
bearings and bushes
thrust washers and spacer
CONTINUOUSLY VARIABLE TRANSMISSION CTX
Internal clutches
planetary gears
reduction gears
shafts
variable pulleys
thrust link drives
internal seals
bushes and bearings
PROPSHAFT
Universal joints and couplings
TORQUE CONVERTER
Failure of any internal mechanical parts
CASINGS
If any of the covered parts fail and this damages the casings, they will also be covered
WHEEL BEARINGS
Front and Rear Drive Axle Wheel bearings
Both front and rear wheel bearings
ENGINE COOLING SYSTEM
viscous fan coupling
water pump
thermostat housing
thermostat
heater matrix
Radiator
oil cooler
WORKING MATERIALS
Oils
oil filter
anti-freeze
Working Materials are covered only if it is essential to replace them because of the failure of a part which is covered under this policy
CLUTCH
Centre plate materials
pressure plate
release bearing
oil contamination [centre plate only]
master and slave cylinders
FUEL SYSTEM (DIESEL & PETROL)
Carburettors
mechanical or electrical fuel pumps
injection pump
automatic choke
lift pump
tank sender unit
BRAKES
Brake master cylinder
Wheel cylinders
Restrictor valve
brake caliper seals
Servo
STEERING [INCL. POWER ASSISTED STEERING]
Steering rack and pinion [not gaiters]
Steering box
idler box
power steering rack and pump
power steering reservoir
ELECTRICAL SYSTEM
Starter motor and solenoid including preengagement mechanism and bendix drive
alternator
diode pack
coil voltage regulator
indicator relay
front windscreen wiper and washer motors
rear windscreen wiper and washer motors
window and sun roof motors
indicator flasher relay
electric window switches
sunroof switch
centralised locking
heater fan motor
distributor
electronic ignition amplifier
thermostatically-controlled radiator fan motor
horn and multi-function stalk switch
FRONT AND REAR SUSPENSION
Coil springs
Hydrolastic displacers and hydropneumatic spheres
upper and lower wishbones
ball and swivel joints
ENGINE MANAGEMENT (ECU)
Engine electronic control unit
FUEL INJECTION SYSTEMS
Throttle body
airflow meter
idle control valve
cold start valve
warm up regulator
overrun cut off valve
throttle potentiometer
fuel accumulator
pressure regulator
map sensor [except injectors and heater plugs]
FRONT WHEEL DRIVE
Drive shafts including constant velocity joints universal joints and couplings [not gaiters]
REAR-WHEEL DRIVE
Half shafts
rear-wheel external drive shafts including constant velocity joints, universal joints and couplings [not gaiters]
ADDITIONAL COVER AVAILABLE
AIR CONDITIONING (FACTORY FITTED)
The air conditioning compressor unit is covered only if the extra premium has been paid and cover is specified on Your Schedule
ANTI LOCKING BRAKE SYSTEM (ABS) (FACTORY FITTED)
The ABS modulator and sensors will be covered only if the extra premium has been paid and cover is specified on Your Schedule
The warranty is due on my M5 in January and have just had a letter from my dealer. It offered the following costs: Comprehensive £835, Named Component £706 and DriveLine £557.
So, always best to shop around, and I've found £325 (inc IPT - whatever that is) at http://www.click4warranty.co.uk/ (term 12 months, and max claim £5000). It seems very cheap doesn't it? Can anyone see, or think of, any problems:
It's their 5-star warranty (as opposed to their 3 and 4 star one) and comes with the following description:
"over against breakdown due to WEAR & TEAR included as standard
"Wear and tear" is the expected reduction in performance of a part due to the cars age, mileage and/or use. Many companies exclude it, others charge a premium to cover it. All our policies cover breakdown of an insured part attributed to wear and tear. ... more
No increase in premium for high mileage cars
Most warranty providers penalise high mileage car drivers irrespective of whether a claim is made or not by charging more for the warranty. Click4warranty don't, instead we require a contribution toward the cost of repairs in the event of a valid claim. This is known as "The Z Scale" and means instead of paying a premium loading at the outset, there is a contribution for "betterment" in the event of a claim. Not unreasonable as the car is in better condition than it was before
Parts and labour covered
Your Click4Warranty policy pays toward the costs of parts and labour for repair or replacement of an insured component.
Choice of claim limits
All Click4warranty policies have a choice of three substantial claim limits, £3,000; £5,000 and £7,000. This is the maximum amount payable on each and every claim.
Unlimited number of claims.
You can make an unlimited number of claims and we will apply the single claim limit to each claim. The maximum amount we will pay "in total" during the term of the policy is set at the Glass's Guide retail value of your car at the time of claim.
Cover from day one
Sudden, unknown and unexpected failures are covered from the day your policy starts.
No annual mileage restriction
The Click4Warranty policy has no limit on the annual mileage you drive. Your car will continue to be protected by a Click4warranty policy until it has covered 150,000 mile
Claims handled over the 'phone
All you need to do is pick up the phone and call us. To keep the process quick and simple we process everything over the 'phone. ... more
Claims settled directly with the repairer.
Wherever possible, to avoid your being out of pocket, we will settle authorised claims directly with the repairer. ... more
Vehicle Recovery included
Up to £100 towards the cost of recovery to the repairing garage
Replacement Car Hire included
Up to £30 a day towards the cost of a replacement vehicle while your car is being repaired.
Overnight accommodation and rail fares included
Up to £60 towards hotel expenses or a return rail ticket.
European Cover included
Up to 60 days cover for driving in the Republic of Ireland and mainland Europe
Clear and definitive Terms & Conditions
In 2003 the Insurer saw an opportunity and became a partner, immediately providing us the enviable flexibility to write terms & conditions that are clear and definitive.
21 day money back guarantee
Unlike other providers we allow you 21 days (not the standard 14) from the date the policy was purchased to cancel your policy and receive a FULL refund.
Cover may be transferred to new private owner
A warranty is a valuable selling tool if you decide to sell your car. The warranty may be transferred to the new owner, simply call us to request the transfer and we will transfer the balance of your policy to the new owner. We do require a £25 contribution from you toward the administration costs. Conditions do apply (for example we cannot transfer the policy if you sell your car to a motor dealer)"
The policy covers the following:
ENGINE
The rocker assembly, including hydraulic followers
inlet and exhaust valves [not burnt valves]
springs and guides
cylinder head [not cracks and de-coking or porous heads]
cylinder head gasket [except skim]
push rods
camshaft and followers
timing gears and chains [excluding tensioner]
oil pump
pistons and rings
cylinder bores
con rods
gudgeon pins and bearings
crankshaft and bearings
inlet manifold
flywheel and ring gear
Timing belts are covered as long as they have been changed in line with the manufacturers schedules. You will need to be able to provide proof of this.
MANUAL GEARBOX
Internal gears
Internal shaft
synchromesh hubs
selectors
bearings and bushes and transfer gears
AUTOMATIC GEARBOX
Internal shafts
gears
clutches
brake band
valve block
governor
oil pump
bearings and bushes
servo
drive plate and transfer gear
DIFFERENTIAL
Internal crown wheel and pinion
gears
shaft
bearings and bushes
thrust washers and spacer
CONTINUOUSLY VARIABLE TRANSMISSION CTX
Internal clutches
planetary gears
reduction gears
shafts
variable pulleys
thrust link drives
internal seals
bushes and bearings
PROPSHAFT
Universal joints and couplings
TORQUE CONVERTER
Failure of any internal mechanical parts
CASINGS
If any of the covered parts fail and this damages the casings, they will also be covered
WHEEL BEARINGS
Front and Rear Drive Axle Wheel bearings
Both front and rear wheel bearings
ENGINE COOLING SYSTEM
viscous fan coupling
water pump
thermostat housing
thermostat
heater matrix
Radiator
oil cooler
WORKING MATERIALS
Oils
oil filter
anti-freeze
Working Materials are covered only if it is essential to replace them because of the failure of a part which is covered under this policy
CLUTCH
Centre plate materials
pressure plate
release bearing
oil contamination [centre plate only]
master and slave cylinders
FUEL SYSTEM (DIESEL & PETROL)
Carburettors
mechanical or electrical fuel pumps
injection pump
automatic choke
lift pump
tank sender unit
BRAKES
Brake master cylinder
Wheel cylinders
Restrictor valve
brake caliper seals
Servo
STEERING [INCL. POWER ASSISTED STEERING]
Steering rack and pinion [not gaiters]
Steering box
idler box
power steering rack and pump
power steering reservoir
ELECTRICAL SYSTEM
Starter motor and solenoid including preengagement mechanism and bendix drive
alternator
diode pack
coil voltage regulator
indicator relay
front windscreen wiper and washer motors
rear windscreen wiper and washer motors
window and sun roof motors
indicator flasher relay
electric window switches
sunroof switch
centralised locking
heater fan motor
distributor
electronic ignition amplifier
thermostatically-controlled radiator fan motor
horn and multi-function stalk switch
FRONT AND REAR SUSPENSION
Coil springs
Hydrolastic displacers and hydropneumatic spheres
upper and lower wishbones
ball and swivel joints
ENGINE MANAGEMENT (ECU)
Engine electronic control unit
FUEL INJECTION SYSTEMS
Throttle body
airflow meter
idle control valve
cold start valve
warm up regulator
overrun cut off valve
throttle potentiometer
fuel accumulator
pressure regulator
map sensor [except injectors and heater plugs]
FRONT WHEEL DRIVE
Drive shafts including constant velocity joints universal joints and couplings [not gaiters]
REAR-WHEEL DRIVE
Half shafts
rear-wheel external drive shafts including constant velocity joints, universal joints and couplings [not gaiters]
ADDITIONAL COVER AVAILABLE
AIR CONDITIONING (FACTORY FITTED)
The air conditioning compressor unit is covered only if the extra premium has been paid and cover is specified on Your Schedule
ANTI LOCKING BRAKE SYSTEM (ABS) (FACTORY FITTED)
The ABS modulator and sensors will be covered only if the extra premium has been paid and cover is specified on Your Schedule
You'd be crazy to consider any warranty other than the BMW one with an M5.
Bite the bullet and pay up - go for fully comprehensive, you won't regret it.
Every other warranty company I've encountered is a pain in the backside to deal with - they try to wriggle out of claims and often won't pay dealer labour rates. And with a £5k limit it may well not cover you if the SMG or engine goes bang.
Most people looking to buy an M5 will want a BMW warranty so it'll help with resale should you decide to sell.
Bite the bullet and pay up - go for fully comprehensive, you won't regret it.
Every other warranty company I've encountered is a pain in the backside to deal with - they try to wriggle out of claims and often won't pay dealer labour rates. And with a £5k limit it may well not cover you if the SMG or engine goes bang.
Most people looking to buy an M5 will want a BMW warranty so it'll help with resale should you decide to sell.
I did a lot of research into this for the E60 M5 I bought a month ago and I would seriously not buy any other warranty than BMW.
I actually went to BMW and they explained how it worked with the BMW (Mondial) warranty, take the car in, they fix it, you get the car back and pay any excess.
They then explained how it works with "all the rest", BMW would look at it, provide quotes to the company, they would then decide if they were willing to pay, which 9/10 times they would certainly decline the cost of labour (£100+ an hour), so you'll end up taking the car to your local Unipart garage and having their guys fix it.
When you're talking about a car with a retail price of £70k do you really want to save £10 a week for a cheaper warranty??
I actually went to BMW and they explained how it worked with the BMW (Mondial) warranty, take the car in, they fix it, you get the car back and pay any excess.
They then explained how it works with "all the rest", BMW would look at it, provide quotes to the company, they would then decide if they were willing to pay, which 9/10 times they would certainly decline the cost of labour (£100+ an hour), so you'll end up taking the car to your local Unipart garage and having their guys fix it.
When you're talking about a car with a retail price of £70k do you really want to save £10 a week for a cheaper warranty??
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