RV Coverage for disasters??
While in a N California RV Park, our neighbor had a water pipe break, which got us to check our policy to see if this was covered by the Insurance. It turns out Fire of any kind would be covered BUT ...
Forum Discussion
Scott Blanc wrote:
Most Extended Warranties or Service Contracts would cover the cost of repairing the broken pipe, but not the consequential damages caused by the break. The Good Sam ESP available at the Camping World RV dealerships has an optional Consequential Damage coverage that would include coverage for the water damage.
This product is normally offered only when you are buying an RV, but in most states, it can be sold to a customer who did not purchase the RV from Camping World. Worth checking out at your local Camping World!
I hate to say this but this isn't exactly true !
Even if an extended warrantee was trustworthy, there are clauses written in that only benefit the policy seller not the holder.
As to Consequential Damage, the Good Sam ESP you mention only covers 5 days for repairs, so if, IE Camping World were selected to do the work, anytime over the 5 days would be at the owners expense. It should also be noted that ESP only pays $100 per day and a max of $60 for food, and although better than nothing it again is only for a max of 5 days, And if the RV is not livable after that time, means again the owner is out of pocket. Where as my home owners insurance far exceeds ESP coverage, and as a lot of RV's are full-timers there should be a policy inline with fixed property home Owner Insurance.
Besides everyone knows 99.9% of extended warrantee's aren't worth the paper they're printed on. And the only reason the Finance Manager at a Dealership tries to sell them is because he get commission. Whether you buy one or not he still gets a commission because they demand a signature or acceptance or refusal..
Also the scenario I originally quoted was also a question I ask Good Sam, who in turn also stated a water problem would not be covered including the results of the damage. However if the RV was in a flood it would be covered....
