Forum Discussion
paulcardoza
Feb 20, 2015Explorer
Ok.... Extended Warranty threads generate a wide range of opinions here. In my view, their worth becomes a VERY personal decision, based on your financial situation.
If you have a major component failure, will you be able to cover it out of pocket? Or will your rig sit in the driveway, un-usable, because you cannot afford a repair? The type of rig involved has a significant impact on the decision as well. EXECUTIVE above, has a high end DP. Repair bills can add up very quickly on those (engine or tranny $15,000+).
If you have a TT, think about what can go wrong that could get expensive. Fridge - $1500. Furance or HWH - $400 - $600. After that, there isn't a whole lot that will cost you thousands to repair.
LASTLY - READ THE POLICY from top to bottom! Understand what that $1400 cost will and won't cover. Remember, EW companies are highly profitable! The only way that happens is by taking in a lot more money in premiums than they pay out in claims. ODDS are strong that you will not recoup your premium cost in claims. But that brings us right back to my 2nd paragraph above. Only you can decide what your comfort level is.
If you have a major component failure, will you be able to cover it out of pocket? Or will your rig sit in the driveway, un-usable, because you cannot afford a repair? The type of rig involved has a significant impact on the decision as well. EXECUTIVE above, has a high end DP. Repair bills can add up very quickly on those (engine or tranny $15,000+).
If you have a TT, think about what can go wrong that could get expensive. Fridge - $1500. Furance or HWH - $400 - $600. After that, there isn't a whole lot that will cost you thousands to repair.
LASTLY - READ THE POLICY from top to bottom! Understand what that $1400 cost will and won't cover. Remember, EW companies are highly profitable! The only way that happens is by taking in a lot more money in premiums than they pay out in claims. ODDS are strong that you will not recoup your premium cost in claims. But that brings us right back to my 2nd paragraph above. Only you can decide what your comfort level is.
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