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
Don't overlook one of the best reasons to be self insuring for RV repairs... YOU get to choose who does the work and where/when it gets done. No restrictions on who you have to use and if you actually use your RV and travel there is no telling where you will be when something breaks down. If you are several states from home and your warranty is only good back at the dealer you bought it from it can be a problem.
Your can negotiate the costs of repairs knowing that cash talks. If the the prospective repair facility/person is backed up you have the option of finding someone else which is rarely the case with a formal warranty contract. Most RV dealers service departments are backed up for months and no one has a lower priority than the guy who is obligated to come back to them for the needed repair.
For self insuring to actually work you need to have the discipline to actually create a repair fund and then regularly add to it. The best time to do so is when you buy, take the money the warranty folks are asking for and put it in your account. Don't use these funds for anything except repairs/replacements of necessary gear. Chances are if something expensive is going to fail it will happen the first year you own it.
I have seen actuarial tables that are used in a number of industries. When I was a commercial tow boat captain 92 percent of the folks who plopped down big bucks for the coverage never had a claim. That number is fairly consistent across the marketplace including RV warranties.
As always... Opinions and YMMV.
:C
Your can negotiate the costs of repairs knowing that cash talks. If the the prospective repair facility/person is backed up you have the option of finding someone else which is rarely the case with a formal warranty contract. Most RV dealers service departments are backed up for months and no one has a lower priority than the guy who is obligated to come back to them for the needed repair.
For self insuring to actually work you need to have the discipline to actually create a repair fund and then regularly add to it. The best time to do so is when you buy, take the money the warranty folks are asking for and put it in your account. Don't use these funds for anything except repairs/replacements of necessary gear. Chances are if something expensive is going to fail it will happen the first year you own it.
I have seen actuarial tables that are used in a number of industries. When I was a commercial tow boat captain 92 percent of the folks who plopped down big bucks for the coverage never had a claim. That number is fairly consistent across the marketplace including RV warranties.
As always... Opinions and YMMV.
:C
