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Backhoe is the backbone equipment for many industries like mining, infrastructure, construction and farming. Being such a versatile machinery catering to so many verticals of business, obviously it is bound to be priced on the higher side. Repairs and spares also cost a lot as original items from company need to be replaced otherwise it can cause permanent damage to backhoe as well to the operators. As the equipment works on rough terrain, there is bound to be need for replacement of part time and again.
Extended warranty protection
Companies offer warranty, however these are only for a year or two. Having an extended warranty is like a safety net for your equipment provided relief from financial burden due to equipment failure. It protects your backhoe from issues that can be attributed to faulty materials or workmanship for an agreed period of time like two years or 5 years. Most warranty covers every part of your machine, except for attachments, and inclusions of parts that are not approved by the manufacturer and bulbs and fuses.
The extended warranty is offered by all manufacturer at the time of equipment purchase. These days many of them want to offer better protection to customer so give the option to procure one before the expiry of the original warranty.
Maximize warranties of backhoe loader
Purchasing an extended warranty cover involves additional cost. However, one can prudently get a cover for certain components or for labour or both by doing homework on the costs involved. Here a few considerations:
Telematics and Warranties
Most manufacturers have telematics installed in the equipment to monitor the working of the equipment. This provides diagnostic reports which can determine the working/usage of the equipment and reason of failure. Equipment owners and users can use the data obtained to track the behaviour of the operator to ensure its operated and maintained as per the manual. Telematics can be used by the manufacturer to deny warranty claims and the equipment owners to prove their right to warranty claims.
Cost of extended warranty
Cost factor will depend on the coverage, length of the agreement and type of equipment. Every equipment owner must customize the coverage type that best meets their individual needs. Also, check if the warranty can be transferred to the next owners and if the manufacturer authorizes the warranty and are repairs performed by authorized dealers with trained technicians.