normally these warranties are every 10,000km/6months which ever occurs first and some lock you into service with that dealership to keep it valid
for majority of it they are fairly useless, but can come in handy if something that is covered fails
the only way they can say that the warranty will not cover something due to the car being modified, is if the modification is the direct cause of that component failing
eg: lowering car and shock absorber fails
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