Rv extended warranties - RV-Dreams Community Forum

pheasantplucker · RV-Dreams Family Member

Rv extended warranties

Barbaraok · RV-Dreams Family Member

Some of us self-insure. We take the amount that we would have paid for the insurance (or 10% of the purchase price, in our case) and put it in an account and add to it monthly for maintenance, battery/tire replacement, and repair. Never have to get/wait for an OK from someone else for something we want to do. And we try and repair/replace before something breaks.

Barb

Bill and Linda · RV-Dreams Family Member

pheasantplucker wrote:
We will begin fulltiming next January and have been considering the Good Sam extended warranties for the rv and the truck.
Does anyone have experience with this program or can you reccommend others to look at?
Thanks!

Barb’s points are correct and I agree with her in principal, but as a rig gets older maybe some insurance isn’t such a bad idea.

We had this warranty, below, and when we sold our last rig we got a good refund on the unused time period. No hassle and they also paid a claim without trouble.

Don’t ever by an extended warranty from a dealer when you buy the rig. The markup is ridiculous.

This does seem to be the best deal going and the people who represent it are honest. That would be Howard and Linda.

http://www.rv-dreams.com/rv-warranty-quote.html

-- Edited by Bill and Linda on Friday 4th of July 2014 04:36:22 PM

The Junkman · RV-Dreams Family Member

pheasantplucker wrote:
I'm not sure if this is the right place for this question but here goes.
We will begin fulltiming next January and have been considering the Good Sam extended warranties for the rv and the truck.
Does anyone have experience with this program or can you reccommend others to look at?
Thanks!

How much does the warranty cost?

Just looks at the good sam one.. seems to only cover basic stuff.. Non of it very expensive to replace.. and if you are capable to replace a microwave, as example, even less..

on a Class A , covering the motor/tranny etc.. pending price.. might be worth it.

Thinking about adding a extending warranty on my 13 ram.. they want $2200 to boost bumper to bumper to 100k miles. I was under it yesterday installing air bags, and the tranny is massive.. and I bet expessive.. pulling 24k around the country .. it may be worth the piece of mind... though most say ALL extended warranties are just cash cows for seller.

Trabuco · RV-Dreams Family Member

We are another one that just sets money aside for repairs. I do most work on our MH which saves a little. Seems to me an estimate for a warranty I got years ago was near 4k.

The way I look at it, if I had invested in a warranty 3 years and each year since that would have been 12k. I might have spent 1k a year in that same time on repairs.

That doesn't mean we couldn't have a major breakdown tomorrow but I'm willing to take that risk.

Don't skimp on preventative maintenance!

BiggarView · RV-Dreams Family Member

While not a fan of an extended warranty, there is a case for them. For anyone able to self insure this is the preferred way to go, due to the fact that ultimately its is less expensive than paying somebody else whose job it is make it more convenient for you pay(usually via some kind of payment plan) for needed repairs or replacement of expensive items. For those who don't have a sufficient pile of money set aside to pay for a repair through self insurance therefore, an extended warranty can make sense.

Barb's methodologly is a sound way to get to a place of being self insured. If the repair event is too large for the "maintenance/repairs" account to handle, one will have to finance the balance. Then use the amount of the "insurance" that was being set aside into the account to "pay for extended warrranty coverage", to pay down the loan needed to cover the repairs. Before long you would free of the loan and rebuilding the maintenance account. You are effectively paying yourself for your own extended warranty.

Additionally, Barb's comment about not needing or waiting for an approval liberates you from doubt so you can say "git er dun" and be back on the road.

The Junkman · RV-Dreams Family Member

Not sure about the rv..I don't think I would add one, unless it was less than the cost of a air conditioner or fridge..

but I need to make the call and but the extended warranty on my truck. For me It's a gamble.. Not about the money. I could have a fund for repairs..
On my 08 ford 250 .. radiator went at 61k.. they would not warranty it. over 2k to replace it.

So at 2200 for the extended warranty on the dodge.. I'm betting I will SAVE money in the end.. .. I need to remember to call them..lol

cheryls-other-half · RV-Dreams Family Member

I wish I could get a extended warranty for our bull, the 08 Ford 550 if someone CAN HELP US GET ONE I'd be quite appreciative..

Terry and Jo · RV-Dreams Family Member

Mitch,

Check out Wholesale Warranties (advertisements here on RV Dreams). Howard has a page that covers information on extended warranties at "RV Extended Warranties" and you can get a quote from Wholesale Warranties at Howard's "Quote Page."

Terry

The Junkman · RV-Dreams Family Member

This may be a little off topic..but to me.. it's the same..

If some are "self insuring" themself against repairs and rv failures..

How many are " self insuring" against collision , fire and theft ?

Was thinking .. if I own my truck and my Rv outright.. I can only put minium insurance requirements on the Truck.. and I bet I don't need any at all on the RV?

NWescapee · RV-Dreams Family Member

Since we bought used for both the RV and truck, we have extended warranties. We really didn't know what could go wrong and with so many electronics and hydraulic parts, we didn't want to be caught by surprise.

Going through the company Howard and Linda partner with saved us $$'s and got us better coverage. When the cooling unit on the fridge, one of the ceiling fans and one other small item all needed to be replaced at the same time, it was very much worth it to us. We've recovered the cost of the warranty and have another 3 years on the warranty for whatever else might go wrong.

Regarding the F series from Ford, if you have a 450 or higher you have to go through Ford for the warranty. Anything higher than an F350 is considered to most likely be a commercial truck and we couldn't find anyone besides Ford who offered an extended warranty and even then we had to make sure they knew it was a personal vehicle, not commercial. Their website gives you a very good estimate of the cost and shows you your options for coverage.

Barbaraok · RV-Dreams Family Member

The Junkman wrote:
This may be a little off topic..but to me.. it's the same..

If some are "self insuring" themself against repairs and rv failures..

How many are " self insuring" against collision , fire and theft ?

Was thinking .. if I own my truck and my Rv outright.. I can only put minium insurance requirements on the Truck.. and I bet I don't need any at all on the RV?

Yes, you could do that. We carry collision as an accident that totals the MH is far different from a radiator or brakes or frig failure. The key is to figure out where your risk level is. Also we would never just carry the minimum liability requirements - to many people will see a MH and think that the owner must have money - - not realizing that most of us aren't well off.

Barb

The Junkman · RV-Dreams Family Member

Barbaraok wrote:
The Junkman wrote:
This may be a little off topic..but to me.. it's the same..

If some are "self insuring" themself against repairs and rv failures..

How many are " self insuring" against collision , fire and theft ?

Was thinking .. if I own my truck and my Rv outright.. I can only put minium insurance requirements on the Truck.. and I bet I don't need any at all on the RV?
Yes, you could do that. We carry collision as an accident that totals the MH is far different from a radiator or brakes or frig failure. The key is to figure out where your risk level is. Also we would never just carry the minimum liability requirements - to many people will see a MH and think that the owner must have money - - not realizing that most of us aren't well off.

Barb

I understand.. But I have nothing..

Lucky Mike · RV-Dreams Family Member

The Junkman wrote:
This may be a little off topic..but to me.. it's the same..

If some are "self insuring" themself against repairs and rv failures..

How many are " self insuring" against collision , fire and theft ?

Was thinking .. if I own my truck and my Rv outright.. I can only put minium insurance requirements on the Truck.. and I bet I don't need any at all on the RV?

Self insuring requires a Bond and proof that you and the state you claim as domicile has you registered as a "Self insured".....unless you have alot of liquid asset it is more costly to self insure than to buy a policy

BiggarView · RV-Dreams Family Member

Self insuring against repairs or system/parts replacement is a whole different thing than self insuring against catastrophic loss thru collision, fire theft etc. While insurance is in principle the same no matter what the coverage entails, Most cost/benefit analysis show that major losses(such as the latter above) should be borne through group policies where the risk is spread through a large population. Small claims such as is usally the case with extended warranty plans are better served by self-insuring yourself and pocketing the premiums though if you don't save those premiums for the day you'll actually need them and sooner or later you will, then the exercise is pointless.

The bottom line to insurance is if you can't afford the cost of the replacement then get it covered. Most people can reasonably expect to be able to cover a repair (more or less) but a loss to fire for example is likely to be beyond most peoples ability to replace and thus insurance is the way to go.

-- Edited by biggaRView on Monday 7th of July 2014 11:10:16 AM

The Junkman · RV-Dreams Family Member

I run 2 other trailers ( not rv's ). I don't have insurance on either one of them. I was told they are covered by my truck insurance..

Is it the same for RV's?

I realize I am not talking replacement values, and Im sure damage insurance in minimal.. but liability will be covered to what ever is on my truck..

I will be insuring the rv for full replacement value, through the renters insurance or full timer insurance, But I am curious.. if my rv was worth.. like maybe 20k..
I would not insure it all. Only the min the law allows.

Lucky Mike · RV-Dreams Family Member

Talk to your insurance agent.....he holds the answers , there are alot of ways to do things out here...just remember....if you insure it at the minimum and are found at fault , you are liable for everything above your insured thresh-hold.

that being said........Happy travels!!!!!

The Junkman · RV-Dreams Family Member

Lucky Mike wrote:
Talk to your insurance agent.....he holds the answers , there are alot of ways to do things out here...just remember....if you insure it at the minimum and are found at fault , you are liable for everything above your insured thresh-hold.

that being said........Happy travels!!!!!

whats the saying.. Can't get blood from a stone? ... lol

I think if you ask the insurance company.. I get screwed.. If I tell them what to do.. they do it.

Lucky Mike · RV-Dreams Family Member

you should hang on to that way of thinking..........I'm sure the L.E.O at the accident site will find it amusing......

The Junkman · RV-Dreams Family Member

Lucky Mike wrote:
you should hang on to that way of thinking..........I'm sure the L.E.O at the accident site will find it amusing......

I would not break any laws.. ever.. Well, Anymore.. biggrin

I do, always work within the laws.. And if they can't handle the truth.. oh well.. but I will need insurance ,, cause I can't afford to have a guy who has nothing.. total my rig.. and that is what will happen.

People around these parts run with nothing.. nothing at all.

Guy rear ended me.. No nothing. My insurance had to pay. Attorney laughed at me when I said I wanted to sue.. He was like for what? His old honda?lol

-- Edited by The Junkman on Monday 7th of July 2014 01:40:17 PM

-- Edited by The Junkman on Monday 7th of July 2014 01:40:56 PM

-- Edited by The Junkman on Monday 7th of July 2014 01:41:47 PM