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Automotive dictionary (encyklopedia)

Dictionary of terms and abbreviations for cars (automobiles), motorcycles (bikes),
bicycles, boats, engines, machines, machining and car fixing.

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Warranty

The promise made by both the vehicle manufacturer and the vehicle dealer to fix or replace parts on a new vehicle if there is a malfunction before a specific time or distance has elapsed. In some instances some manufacturers or dealers grant warranty even after the expiry of the designated time or distance. This is called "good will warranty". See anti-corrosion warranty, corrosion warranty, good will warranty
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Car Insurance FAQs #4

The appraiser who took care of my claim said I would be responsible for paying the deductible. What is a deductible?

A deductible is the portion of a claim you agreed to pay when you purchased your insurance policy. The deductible could be applied each time you have a claim on your auto policy.

How do I decide the amount of my deductible?

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