Hi All,So lets assume that one has weighted all the pros/cons and decided to purchase an Extended Warranty (Insurance). This warranty is exclusionary and basically covers everything but water damage, mold, trim, seals, cabinets, roof, and cosmetic items. On these comprehension Exclusionary warranties, the Consequential Damage Clause is for Damage to any NON_COVERED item, due to a COVERED item failing. For instance the slide mechanism fails (a covered item). The failure results in the slide twisting its track. This damages the seals, carpeting, and the trim. The seals, carpeting, and trim would not be covered as they are excluded. The slide mechanism would be. However with the Consequential Damage Option, all damage to excluded items, due to an non-excluded part failing would be covered. So the seals, carpet, and trim would be covered (in addition to the slide mechanism),So my question is: How important is the consequential damage option with a good Exclusionary policy? You all's thoughts and inputs would be appreciated. Once again, lets focus this thread on the value of a Consequential Damage Option on an Exclusionary Extended Warranty. Not on the value/usefullness of the Exclusionary warranty.

In for a penny in for a pound if you really want an extended warranty in the first place. How much more is the consequential? What about the stuff that the extended warranty does not cover? It still won't help with that, i.e. roof & window leaks , delamination and so on..

Knowing that worse case scenarios are more common place with RV's then regular vehicles and can be quite pricey...place me in the give me all or give me nothing group. To spend the money on the policy and then have to pay part of the repair because I didn't also pay for the consequential policy would burn me up. I would much rather pay that amount up front and know my assets are covered.

My thought is purchase the full warranty not the partial one.

My advice is place the cost of the policy in an interest bearing account for the possible future need.

One of the interesting items I found out when researching extended warranties is Consequential Damage is not what most posts/websites say it is. All the posts/websites I found say it is for when a "non-covered item fails and causes damage to a covered item". However, in all the Extended Warranties I researched (and very carefully read), it is the opposite. Consequential Damage is when a Covered item fails and causes damage a non-covered item.

Consequential Damage option on Exclusionary Warranty

justme
Explorer
Nov 24, 2015
2oldman wrote:
stickdog wrote:
My advice is place the cost of the policy in an interest bearing account for the possible future need.
Where do you find one of those?

One can invest in a bond fund like Vanguard/Fidelity total bond or federal agency funds while getting check writing privileges. Or if one want to take on more risk they can put that money into a Total Stock Fund. If either fund fails-- we will all be "kick cans down the road" because the economy has tanked :-) Just saying.
2oldman
Explorer II
Nov 24, 2015
stickdog wrote:
My advice is place the cost of the policy in an interest bearing account for the possible future need.
Where do you find one of those?
Lantley
Nomad
Nov 24, 2015
camperkilgore wrote:
My opinion is to self insure. You probably will not spend more than if you buy the extended warranty, and you don't have the hassle of dealing with the insurance company(paperwork, adjusters visits, battles over grey areas, increased rates due to claims filed, etc., etc.).

Even if I do spend a bit more to self insure, it probably is worth it to not have to deal with the insurance company. I can choose the repair facility on my schedule. If I'm on the road somewhere, it's already aggravating to have to repair something, but worse if the insurance company throws in more aggravation.

If you find a company that covers everything and delivers aggravation free service at a reasonable cost, let us know. I'll be the first to eat my words and sign up.

Cruz not sure if you have made a final decision or not. The above poster brings up a valid point in that you do have to wait at times to get repairs completed/approved. The warranty company inspector will generally come out to due an inspection to approve any repairs.
My experience has been that the inspections are not always completed in a timely fashion.
Dealing with a 3rd party vs. just you and the mechanic can be very frustrating/aggravating.
GoPackGo
Explorer
Nov 24, 2015
Well, the OP ALMOST got his wish.
B_O__Plenty
Explorer II
Nov 24, 2015
Don't worry they will weasel out of paying somehow...that's if they are still in business when you need to file a claim..

B.O.
camperkilgore
Explorer
Nov 24, 2015
My opinion is to self insure. You probably will not spend more than if you buy the extended warranty, and you don't have the hassle of dealing with the insurance company(paperwork, adjusters visits, battles over grey areas, increased rates due to claims filed, etc., etc.).

Even if I do spend a bit more to self insure, it probably is worth it to not have to deal with the insurance company. I can choose the repair facility on my schedule. If I'm on the road somewhere, it's already aggravating to have to repair something, but worse if the insurance company throws in more aggravation.

If you find a company that covers everything and delivers aggravation free service at a reasonable cost, let us know. I'll be the first to eat my words and sign up.
Dave_Jeanette
Explorer
Nov 24, 2015
stickdog wrote:
My advice is place the cost of the policy in an interest bearing account for the possible future need.

And then add some amount to it monthly. You will be far ahead in the long run.
cruz-in
Explorer
Nov 24, 2015
One of the interesting items I found out when researching extended warranties is Consequential Damage is not what most posts/websites say it is.

All the posts/websites I found say it is for when a "non-covered item fails and causes damage to a covered item".

However, in all the Extended Warranties I researched (and very carefully read), it is the opposite. Consequential Damage is when a Covered item fails and causes damage a non-covered item.
stickdog
Explorer
Nov 24, 2015
My advice is place the cost of the policy in an interest bearing account for the possible future need.
Lantley
Nomad
Nov 24, 2015
My thought is purchase the full warranty not the partial one.