Good Sam warranty

[RJL]

We have a 2010 Damon Challenger 368 with roughly 32,000 miles on her now. I requested a quote from Good Sam for a warranty and received one for $1644.45 a year, or $137.04 per month or $417.12 quarterly. Has a $500.00 deductable.

I'm at the point where I think we may need a warranty for things I can't fix. Our roof ac's come to mind. Their working fine but getting old now. I have a few smaller things going on now too. Steps stopped working, motor works but the gear component is missing a few bolts. I'll be able to handle that. Leaking slide out seal(s), etc. Like I said I'll pick way at these smaller issues, just want protection from something bigger.

Anyone have any experience with this or another warranty?

Thanks

Bob

[BarabooBob]

I second that you read the fine print with a magnifying glass. It doesn't help to have a service contract if you are told that it is a $500 co-pay for every item. $500 co-pay for water heater, $500 for heater, $500 for whatever. Your $1644 plus $500 co-pay would pay for most items if you have one item go per year. We had a 1988 Class C Damon that we bought in 2005. We put 60,000 miles on it and the only things that broke were a water heater on year, and a converter two years later. I was way ahead by self-insuring.

[RJL]

Thanks for the info all. I'm really just testing the waters at this point. But Rick, above hit the nail on the head. I could put away 150 bucks a month, but like I said the roof ac's have me concerned. From my understanding my units are no longer made. Fridge, water heater, furnace all are 12+ years old.

I'll call during the week and square away exactly what is covered and not.

We used the coach alot the first several years we bought it. The last 2-3 years not so much. It's been sitting except for a few trips a summer. Maybe put 500 miles on a year at this point. Used to be 5k a year. That has me very concerned too. The non use.

Anyway thanks again.

Bob

[RetiredRealtorR]

There are arguments to be made either way -- buy a service contract, or fund it yourself.

Funding it yourself is great, unless you start putting away $137 each month, and a few months down the road are faced with a several thousand dollar repair bill for something major.

A service contract is basically an insurance policy. You know, just like you have for your house, your car, your health, your life, and so on. You roll the dice with all of them, and that's why you probably have insurance.

For example, I always buy CPO cars (certified pre-owned), and I do it for 2 reasons. First, the initial depreciation hit has already been taken, and second (especially in the case of Volvo and MB), the warranty from the manufacturer is better than the original warranty that came with the car.

So, it's just a matter of how much of a dice-roller you choose to be!

[Lwiddis]

Do you need to tell them what isn't working or isn't working correctly? Any plan may delete those items from repair/replacement.

[MitchF150]

Also think about the fact that nothing will be 'fixed' until the repair is 'approved' by so called 'warranty' company.. But, like was said, it's a 'service contract' is all.

Just read all the fine print and if that's a yearly premium.. You would be better off just banking that money and when/if you need service, just get it done and take it out of your own 'fund' and eliminate the middle man.. You will still have to do the leg work.. It's not like you drop off your rig and they just fix anything at your request. I'll bet after you make a couple of claims, they will drop your coverage or increase your premium next time.

Good luck! Mitch

[Tyler0215]

The steps and seals will probably not be covered. A/C maybe.
Put $137 in the bank each month and you will have money to do the repairs yourself.

[way2roll]

Surprised you can get a service plan on an rv over 10 years old.

[Ranger_Smith]

It is not a warranty . . . It is an extended service plan. I had them one year and they did replace a bad microwave under the plan.