I certainly understand if someone needs the 'peace of mind' by having a policy like Dennis stated above. Sounds like both Dennis and the policy company both broke even.
What rankles me is having to deal with red tape and waiting for something to be approved. I just don't have the patience.
The policy that was quoted to us on our brand new 2008 Monaco Dynasty was $8,000, called a 'bumper to bumper' warranty. The policy started after the one year warranty ended. So, with an open mind, I took the policy brochure home and read it cover to cover. Wow, it didn't seem to cover anything! I have to say my eyes started to cross after reading all the exclusions. I don't remember now which company that was offered.
Over the 7.5 yrs. and 70,000 miles, I didn't spend anything near $8,000 on repairs, maybe a couple of thousand? Of course that's not counting regular maintenance and even if I did count it, I don't think I spent $8,000 on everything during that time (not counting new tires).
Even if I spent a little more on the policy by not having it, it's worth it to me not have to answer to a third party for approval. That's just me.
Safe travels,
MM.