Fishinghat wrote:
I agree with md2lgyk, extended warranties are a waste of money.
Now, for those that have had claims paid by their warranty, they are the best salespeople the companies have, just like jackpot winners in casinos. Remember that besides paying for claims, the warranty company has to also pay the employees, the sales commissions, and make a profit. Santa Claus doesn't pay those people.
If you are concerned with unforeseen expenses, then bank an "X" amount into a savings account to cover those expenses. The "X" amount should be about the same as the premium for the policy.
Well, i guess that i am that "jackpot winner". The 5 day wait for repairs during my vacation didn't feel like a jackpot though. Coach-net towed the 40' DP on a lowboy trailer for 200 miles in Canada to get me to the nearest repair facility. I never saw the bill. They handled it. Kudos to Coachnet.
As far as extended warranty, i guess that i hit the jackpot again. The injector pump that needed replacing along with the labor and other parts cost more than the warranty did, by a long shot. So, I guess that savings account would have been in the negative by a few thousand dollars !
