click4warranty on an E39 M5 - any good?

[m5beast]

Hi,

Had the car (an E39 M5 2001, 80000 miles, facelift model) coming up to 3 months now and loving every minute of it so far! It came with a 3 month warranty from the (non BMW) dealer. Nothing wrong with the car as far as I know and its just had this week an inspection II service with no work required, other than the replacement of a worn £13 A/C belt. However the realities of owning what could be a very expensive car after it comes out of warranty are beginning to dawn...

Had a look around and the quotes I have from companies who will cover the vehicle are:

BMW aftermarket fully comp - about £2000/yr with £250 excess
Warrantywise - about £950/year, no excess and definitely includes Vanos
Click4warranty - about £300/year, no excess and definitely excludes Vanos

Clearly you tend to get what you pay for, but the difference in price is staggering. I am assuming the Click4warranty one is probably too good to be true, but I was wondering if anyone here has any experience with them or thoughts on the policy?

They say only listed parts are included and this definitely does not say Vanos so that will account for some of the price difference. However I have the facelift model, so hopefully (touch wood) it shouldn't have any major vanos issues and if it was going to, hopefully it would have had them by now (done 80k miles).

This is what Click4warranty say they cover. Other than Vanos, is there anything else major/expensive that anyone can think of that's not covered? I would be tempted at that price to get that cover and "self insure" the vanos if that's the only major missing part, as given the price difference over 2-3 years it should more than pay for itself, even if I did have to replace the Vanos?

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  [excluding  porous 
bores], con rods, gudgeon pins and bearings, crankshaft and bearings, inlet manifold, flywheel and ring gear.  Timing belts 
are  covered  provided  that  they  have  been  changed  in  accordance  with  the  manufacturers  schedules.    In  the  event  of  a 
claim YOU will be required to provide proof that the timing belts have been changed in accordance with the manufacturers 
schedules.  Failure to do so may invalidate YOUR claim. 
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 PART(s). 
CASINGS:  If any of the covered PART(s) fail and this damages the casings, the casings 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(s) which is covered under this POLICY. 
CLUTCH:    Centre  plate,  pressure  plate,  release bearing,  oil  contamination  [centre  plate  only], master  and  slave  cylinders, 
labour costs included. 
FUEL SYSTEM [DIESEL AND 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 pre‐engagement 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]. 


Many Thanks,

David

[humpbackmaniac]

Try them, buy the Click and then complain of a missfire at 7k but only when changing up to sixth. And demand new MAFS under warranty.

Sorry Im bored at the office!