Hi, I don't think it's worth getting for the money they want. For the prices I was quoted, I think it would be fair for a motorhome, but not for a trailer. And who is going to honor these warranties? As a new car dealer employee, after market warranties are a pain in the @$$. Tell us what you were quoted and what you get, what's covered, and for how long.
To me it reminds me of what I told my kids when we were in Vegas one time. "Who do you think pays for all these lights?" I look at the insurance companies in the same way. Who pays their overhead? All those folks who pay for, and never use an extended warranty. Could you have something catasrophic happen? Maybe.
Do you think the average trailer racks up a $2500 bill in six years for the covered items? Probably not. So if you go with the law of averages, don't buy the ext. warranty.
My .02
The search function is pretty rudimentary as such things go but a major topic like this is pretty easy to find. One step at a time, Jer, and we'll have you helping others before you know it!
The quote was $2,500 for six years. It covers appliances, electrical, plumbing, etc. Pretty much everything.
Jer
I have yet to find or hear of anyone that "ever" got a good deal by having an extended warranty, since there inception.
Secondly, "MOST" dealers will not accept any work that will be paid by those extended warranty companies.
Most of those companies, will ok an estimate, then balk about the amount after the fact and then take months to pay a fraction of what they agreed to pay in the first place.
Therefore you have to pay the dealers bill and just hope you can collect something, is the name of their game.
I've had my first repair bill on the Classic and if I had taken the warranty, it would not have been covered. Cracked skylight which caused a leak is not covered. Next repair is the crack in the A/C cover. Again not covered. It's considered normal wear and tear. Even though Duo-Therm gives you a 3 year parts warranty, the cover only has a 90 day warranty.
Jack
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Jack Canavera
STL Mo. AIR #56
'04 Classic 30' S.O.,'03 GMC Savana 2500,'08 Vespa GTS 250
I've had my first repair bill on the Classic and if I had taken the warranty, it would not have been covered. Cracked skylight which caused a leak is not covered. Next repair is the crack in the A/C cover. Again not covered. It's considered normal wear and tear. Even though Duo-Therm gives you a 3 year parts warranty, the cover only has a 90 day warranty.
Jack
As they say in the RV industry, "And the band played on."
This is a very good example of what "extended warranty" policies do, or should we say don't do.
The greatest thing they are good for amoung many owners, is "what a huge dent it made in their check book, with little to no real aid."
The entended warranty insurance companies are also very good at denials and short changing repair shops.
At the risk of offending any people that sell extended warranties, I don't think they are worth much at all. If you want to use the $1200 or so, put it in the bank, and use it, plus the interest you will be paid on it, to repair the things that break, that will not be covered anyway. Of the 5 or so a week I get in our shop, 3 are usually denied for what I feel are "made up" reasons.
Like the air conditioner compressor claim that was denied because the car was 600 miles overdue for an oil change, "showing a pattern of neglect and abuse".
Another good idea, when financing a rig, and you decide you "JUST" have to have an "Extended Warranty", pay it up front. That goes for sale tax, too if possible, pay it up front, and don't add it to your financed amount.
As they say in the RV industry, "And the band played on."
The greatest thing they are good for amoung many owners, is "what a huge dent it made in their check book, with little to no real aid."
The entended warranty insurance companies are also very good at denials and short changing repair shops.
Jack. Would you do it again?
Andy
Andy,
I turned down the offer for the extended policy. My point was that here are my first two out of pocket repairs, and even if I had taken out the policy, neither item would have been covered.
Jack
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Jack Canavera
STL Mo. AIR #56
'04 Classic 30' S.O.,'03 GMC Savana 2500,'08 Vespa GTS 250
Hi All,
Extendet warranty is the biggest scam around. It is for the weak. The warranty companies close their doors when there to many claims and you are left with nothing. I had it happen in the transmission industry. They take the money but when the claims hit they go bankrupt and open under new name in another state. As in many cases the denial was always abuse or we do not cover this or they try to get you to buy a used part as a replacement. As someone suggested take the money and put it in a savings account and add to it monthly if you are worried about the warranty.
Regards Russell in sunny and warm Tucson Az.