Originally Posted by TTFoley
I have a 2016 Winnebago Vista LX 30T. The warranty expires 9/8/16. For health reasons, we were not able to use our RV until July 2016. At that time we had electrical issues. After 2 trips to the dealer (round trip 200 miles each trip), the issues have been corrected. The one year warranty ends on 9/8. We are preparing to take our RV on its maiden voyage.
In general, I discourage my family and friends from purchasing extended warranties on appliances and electronics. But now I find myself considering an extended service contract on our RV. I have researched this issue and think I understand the pro's and con's, and different types of contracts (exclusionary, directly pay repair shop, etc).
I would like to hear recommendations. Have you had occasion to use such a policy? If so, would you recommend a particular company?
Any advice will be appreciated.
I didn't know whether to start a new thread or not. Hope this is correct.
I have decided to purchase an extended service contract and have a copy of the contract in hand, but not signed and delivered.
On the declarations page, the unit purchase price is listed. On my contract the purchase price listed is shown as 54% of the actual purchase price (my calculation). I contacted the person writing the policy and was told that the price they listed was the current NADA value. I used the online NADA calculator and got the value reflecting my purchase price minus one year of depreciation. (Not the value the insurance company listed) Contacted the Administrator again and they said they would change the listed purchase BUT that it would effect the price of the policy. OK fair enough, I just want to make sure the RV is insured at the correct value. Seems straight forward enough.
Next I read the entire contract very carefully. The total amount the service contract will pay is the lesser of $35,000 or the purchase price over the life of the contract.
It appears to me that I am buying a $35,000 service contract on my RV. Now I totally understand that if I had $35K of claims I better be unloading that dog.
Is there something I'm missing? I get that I am rolling the dice even buying an extended service contract but it gives me piece of mind.
Shish, you shouldn't have to be a contract lawyer to understand this stuff.
Anyone have any insights?