What do I think about extended warranties?
In general, not worth the cost. The hassles and exclusions of a pre-paid maintenance plan run by insurance companies (what an "extended warranty" by other than the manufacturer really is) have to be evaluated upfront. They are obviously profitable enough for the insurance company to give a sizeable commission to the RV dealer to sell you.
There are many who say that in most cases, putting the plan premiums into a savings account and paying cash for any repairs will give you the profit instead of the insurance company.
However, if RV maintenance and fixing what breaks is not your thing, you might be willing to buy such a package. Also, if your RV has expensive appliances and the plan covers them, as well as things like the roof, the plan could be worth it to you.
Before signing, I would ensure that I was happy with the service dept that would be doing any work under the policy. And that I understood all the exclusions, deductibles, and paid service required to keep the policy in force. Finally, prices are negotiable on these plans - you don't have to take the dealer's first offer.
Fred W
2019 Flagstaff T21TBHW A-frame - small and simple enough that paying for extended warranty doesn't make sense
2008 Hyundai Entourage minivan
camping Colorado and adjacent states one weekend at a time
|