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I have never bought A extended warranty on a travel trailer, but i have on my last 2 Motorcycles and my wife's car and have had really good luck with them and they have all paid for them self plus some.
I do agree with toair and read the the contract not the pamphlet, But i would add talk to the service dept you will be dealing with and ask them how well the Extended service company holds up to fixing problems with trailers.
But if they answer and it's like Andy's then that probably answers your question on footing the bill on your own
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