Extentded Warranty? Is it worth it?
Hey all, Just put a down payment on a 2012 Forest River Wildcat TT 31 BHS. Will be purchasing from Rv Wholesalers They want approx. $2500 for a 5 year extended warranty. The TT comes with a 1 year war...
Forum Discussion
You need to fully understand what is covered and what isn't. You also need to fully understand what the deductable is for each covered item. You need to do this by reading the policy in its entirety and especially the fine print, not by what the salesman tells you what is or isn't covered. You need to know where you can take your RV for repairs and how the shop is paid. What happens when you are on the road? Do you need to keep replaced parts to ensure coverage?
I have never felt that extended warranties are worth the price. You'd be better served taking the money and putting it in the bank for the rainy day when and if something breaks. My points above were gleaned from years of reading in RV magazine's Comsumer Protection columns. Every month, every column has at least one person asking for help collecting on their extended warranty. Most of those seeking help are about denied coverage on what the complaintant was "told" was covered and was not. Sometimes coverage is just denied because they don't want to pay and unless you are willing to hound them, they won't. Make sure you understand what you are signing, paying for and who the company is and what their reputation is. If they go out of business, you are out of luck. This is a perfect example of Caveat Emptor.
I have never felt that extended warranties are worth the price. You'd be better served taking the money and putting it in the bank for the rainy day when and if something breaks. My points above were gleaned from years of reading in RV magazine's Comsumer Protection columns. Every month, every column has at least one person asking for help collecting on their extended warranty. Most of those seeking help are about denied coverage on what the complaintant was "told" was covered and was not. Sometimes coverage is just denied because they don't want to pay and unless you are willing to hound them, they won't. Make sure you understand what you are signing, paying for and who the company is and what their reputation is. If they go out of business, you are out of luck. This is a perfect example of Caveat Emptor.
