Forum Discussion
thomasmnile
Dec 16, 2013Explorer
rayeckles wrote:
Who is everyone using? Please give me some input. I can't make a decision. I know the dealer is out of the question. Wow to expensive. Thanks all
I won't join the debate if an 'extended warranty' is worth having. Understand it is not really a warranty but an insurance policy of sorts. As an example we purchase a new Jayco TT last year. The dealer offered and we purchased 7 year towable service plan from the dealer. The coverage is underwritten by National Interstate which is a long time provider of traditional insurance coverage for RV's. Yes it cost us, and yes it's a bet on our part that we may need it at some point, but to us it was worth it. Last week we received a solicitation from Jayco for their branded extended service plan. It says Jayco, but it is issued and underwritten by a third party insurance company (that I haven't heard of) just like the coverage we bought from the dealer when we bought the TT.
If you are inclined to purchase an extended service plan, I would suggest you research who issues and underwrites the coverage. A lot of third party plan providers for cars and RV's have come and gone over the years. If the issuer was to go belly up, that would be a complete loss of your money with no benefit at all. Of course, if you have the financial resources to self insure...........
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