Extended warranty contracts are additional warranties bought for an item or service to add additional coverage for the purchased goods. The warranty usually extends the time of coverage, but an extended warranty may also be bought to expand coverage to other things not provided by the original warranty. Extended warranties can be bought for a variety of goods from vehicles to headphones, and they may be bought from the retailer or from third-party insurers. For additional information on extended warranties, including telemarketing calls, click here.
[Last updated in July of 2021 by the Wex Definitions Team]