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Bar_H's avatar
Bar_H
Explorer
May 15, 2013

Extended Warranty

Iam looking at buying a 07 tiffin "fred", the dearler is offing a extended warranty thru USA Travel Care. Does anyone have experience with this company? Seems like a good thing you can take coach to any shop, and after preapproval they pay with a corpate credit card.

Thanks Bar H

12 Replies

  • Extended warranties are very good deals for the dealership which makes a large commission and the extended warranty company, who make money by talking in more premiums than paying out claims. The pre approval process is notorious for having a lot of hoops to jump through, any one of which done wrong will result in the claim being denied. And often there will be fine print that if something breaks because a non-covered part breaks, then nothing is covered.

    Most people would be money ahead by taking the cost of the extended warranty (which is really a repair service insurance policy), putting it in a savings account and adding to it each month. Then when a repair is needed, you have the funds and don't have to worry about hoops or getting preauthorization. That fund can also be used for replacing things BEFORE they break if you happen to find a worn part that could let go.

    Barb
  • Check around prices and coverage vary. The sales commission could be 50% of the policy purchase price. They will come down in price you can wait till later and shop around. They are a gamble. Mine has paid off. Some never recoop the money they spent on them. It is also a piece of mind thing. Don't go by what the salesman tells you. Take a couple nights to look over and understand the coverage before you lay your money down. It is not all roses as the salesman wants you to believe.