Extended Warranty/Insurance policies

[Koda61]

Hello,
Was just on an RV web site Road Less Travelled and I came upon a discussion about extended Warranty/ insurance. Our mfg. warranty expires in June and was considering the purchase of extended coverage. I declined the RV dealerships offer of $6-8K for a five year plan. The authors of the web site mentioned a company out of San Diego named Wholesale Warranties. They also discussed some of the differences between a “standard” and “exclusion” plan. I am curious if anyone has dealt with this company or has any recommendations for aftermarket plans. I anxiously await any and all responses!!

 

[jkwilson]

If you are spending $1000 a year on repairs, something is seriously wrong. A tube of sealant, some Eternabond and a couple of screws and light bulbs is a normal year. $6-$8K for 5 years is insane.

 

[NB Canada]

Save your money Put it away and use it when you need it
Most repairs are not that expensive


2021 Imagine 2400 BH
2018 GMC Sierra 4x4 crew

 

[FT4NOW]

If you read their other articles from that blog they are very biased towards whatever product they are talking about, most likely due to affiliation. They even said how great Camping World was for a fridge replacement [emoji1787].

I would also save your $$$ as mentioned above, extended warranties are more like insurance policies than anything else, some will use it, most wont, the company is in the business of making money, not handing it out.

Sent from my SM-G950U using Tapatalk

 

[mnrover]

I bought a plan from Wholesale Warranties for a new 2600RB for 7 years at $2,100 with a $200 deductible. So $300 a year sounded good and they let you do your own maintenance, but you have to keep receipts and record everything. That was a month ago. Now I have been rethinking that decision and they give 60 days and you can cancel with a full refund.

 

[RV Sailor]

Hello,
Was just on an RV web site Road Less Travelled and I came upon a discussion about extended Warranty/ insurance. Our mfg. warranty expires in June and was considering the purchase of extended coverage. I declined the RV dealerships offer of $6-8K for a five year plan. The authors of the web site mentioned a company out of San Diego named Wholesale Warranties. They also discussed some of the differences between a “standard” and “exclusion” plan. I am curious if anyone has dealt with this company or has any recommendations for aftermarket plans. I anxiously await any and all responses!!

6-8 K for the warranty....that’s insane

 

[Koda61]

Agreed and that is precisely why we declined! I guess they figure a sucker comes along every day.

 

[Koda61]

Thank you for responding. Since you are reconsidering Wholesale, I believe I am going just put some money aside in a rainy day fund and use it for repairs as they come along. Interestingly they offered us a 5 year for approx. the same price.

 

[Koda61]

Yes, when I looked at some of there other articles as you did it became evidently apparent that they are sponsored or have some sort of affliction with the various companies. Thank you for your valued input.

 

[Second Chance]

It looks like you've figured it out, but here's my two cents worth: My wife found a very good description of extended service plans a while back (they are not warranties, but rather insurance policies with lots of fine print). They are another form of legalized gambling. The company is betting that nothing breaks that would cause them to pay out more than you paid for the policy; you're betting it will. As in all forms of legalized gambling, the house usually wins. Otherwise, these companies wouldn't be in business or make a profit. We prefer to set money aside regularly (earning interest) and pay for repairs as they come up.

Rob

 

[Dive Bar Casanova]

GD's actually have a good standard warranty.
The aftermarkets are overpriced and deliver little.
I'll never buy one again.

 

[Koda61]

Warranty

It looks like you've figured it out, but here's my two cents worth: My wife found a very good description of extended service plans a while back (they are not warranties, but rather insurance policies with lots of fine print). They are another form of legalized gambling. The company is betting that nothing breaks that would cause them to pay out more than you paid for the policy; you're betting it will. As in all forms of legalized gambling, the house usually wins. Otherwise, these companies wouldn't be in business or make a profit. We prefer to set money aside regularly (earning interest) and pay for repairs as they come up.




Rob,
Thank you for taking the time out of your day to respond. We are great full to so many people like you that make this forum truly magnificent. We are going to do as you have suggested and set up a rainy day interest bearing slush fund to address unexpected problems. I may be naive for thinking so but I would hope that GD would replace/repair items that have failed (microwave) even after warranty expiration. P.S. you are really filling up the states map, and if you don’t mind my asking where did you go in NY?
Regards

 

[Second Chance]

Rob,
Thank you for taking the time out of your day to respond. We are great full to so many people like you that make this forum truly magnificent. We are going to do as you have suggested and set up a rainy day interest bearing slush fund to address unexpected problems. I may be naive for thinking so but I would hope that GD would replace/repair items that have failed (microwave) even after warranty expiration. P.S. you are really filling up the states map, and if you don’t mind my asking where did you go in NY?
Regards

Places we have stayed in New York include:
Grand Isle (to visit Niagra Falls)
Owego (absolutely beautiful place, stayed in a county park if I remember)
West Point (Round Pond Military Campground - took the train into the city)
Montgomery (traversing the state another time)

Keep in mind that we are full-timers, so it's not like we did all this traveling on summer vacations, etc.

Rob

 

[Koda61]

Rob,
Next time you are in NY I would recommend that you go to Swan Bay in the Thousand Islands (private) and the gem of the Adirondacks: Fish Creek state camp ground not to far from lake Placid. They are both awesome and personal favorites among others!

 

[MachWun]

Getting in for warranty work is months long in many places. Suggest learning basic repairs, maintenance, and buy spares.

 

[cmonnette]

Well I will add
My two cents as well. I am also considering the same policy. It is $3K not $6K for 7 years. The one unique thing about them is it is an exclusionary plan - in other words, a lot less fine print. Yes it is an insurance plan. They will tell you that. I guess it comes down to how much work you want or can do yourself. For me, I am visually impaired so rather than leave the repairs to my wife I am Seriously considering it. I also like the idea of being able to have mobile service and it’s paid for.

 

[Jan & Dean]

rv insurance

It looks like you've figured it out, but here's my two cents worth: My wife found a very good description of extended service plans a while back (they are not warranties, but rather insurance policies with lots of fine print). They are another form of legalized gambling. The company is betting that nothing breaks that would cause them to pay out more than you paid for the policy; you're betting it will. As in all forms of legalized gambling, the house usually wins. Otherwise, these companies wouldn't be in business or make a profit. We prefer to set money aside regularly (earning interest) and pay for repairs as they come up.

Rob

Just like life insurance, you bet you are going to die soon, they bet your not.

 

[Jerryr]

Just like life insurance, you bet you are going to die soon, they bet your not.

It should be death insurance. That’s one bet you want to loose.

 

[LanerC]

for all the reasons above plus the real hassel factor and the deductible, even in your situation I dont think its worth it. But if its for peace of mind,,, My 2 cents.

 

[Shepstone]

Correct me if I’m wrong but doesn’t Grand Design warranty a Solitude for full time living? If so does the 3rd party extended warranty also cover full timing?.. me thinks maybe not?