Best RV Extended Warranty
We have just purchased a 5th wheel after being without one for quite a few years. Question is, what, in YOUR opinion, is the best Extended Warranty company?
Forum Discussion
RetiredRealtorRick wrote:SDcampowneroperator wrote:
Wharever the premium is, put it in the bank. Insure yourselves.
Great advice......IF you know exactly where, when, and how much a repair (or repairs) is going to set you back.
Self insuring is great if you're Amazon, but for the common man of average means it's a foolish idea. If it worked so well, everyone would self insure for car insurance, homeowners insurance, medical insurance, and long term disability insurance. Yes, I am well aware that some are required by law, but only bare minimum coverages . . . how many people actually carry those minimum coverages and 'self insure' the excess? VERY few. It's a concept that just doesn't work very well.
If you are talking about:
- Your $300k house burning to the ground.
- You get cancer and it will be $100-150k by the time all is done all while out of a job.
- You hit someone in a crash and are found at fault with a 6-7 figure settlement likely.
Yes, insurance makes a lot of sense as the average guy can't afford to simply write a check.
For the risk of the air/con burning out, you are better to just put the $2-3k they charge for these rip off "warranties" in the bank and pay for any "warranty" work.
