New purchase - Protective Asset Protection
buying a new motorhome and am considering an extended service plan thru Protective, the XtraRide It seems to be around for a while, so is it filled with loopholes or do many repair/dealers not w...
Forum Discussion
Read the actual contract, not the sales brochure.
If you are going to finance the cost of the extended warranty, then consider the total cost, not just the sales price.
Typically, the odds are not in your favor for the extended warranty to return more than you pay for it. Think about it, they are a for profit organization. They collect money for lots of people and pay out to few people.
Many after market extended warranties have huge sales commissions, so expect a lot of pressure to buy it. Many of them have many hoops to jump through before they will pay. That is why you must read the actual contract to understand what your obligations are.
Many of them contain confusing language such as, "If an uncovered part fails and causes a covered part to fail, the covered part is not covered."
If you are going to finance the cost of the extended warranty, then consider the total cost, not just the sales price.
Typically, the odds are not in your favor for the extended warranty to return more than you pay for it. Think about it, they are a for profit organization. They collect money for lots of people and pay out to few people.
Many after market extended warranties have huge sales commissions, so expect a lot of pressure to buy it. Many of them have many hoops to jump through before they will pay. That is why you must read the actual contract to understand what your obligations are.
Many of them contain confusing language such as, "If an uncovered part fails and causes a covered part to fail, the covered part is not covered."
