Quote:
Originally Posted by jlin101
Correct me if I'm wrong. Non-CPO extended warranties, whether purchased through a BMW dealer or third parties, are actually just an INSURANCE policy to cover the cost of repairs, much like accident insurances. As such, they usually carry a maximum total payout for the duration of the policy ($15k being a common number).
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The ones I've had experience with limit total payouts to the most recent blue book value of the car.