Extended Service Plan?

[sgtstriker]

Having recently purchased a pre-owned coach, and being new to RVing, I'm wondering if these extended service plans are worth the investment. The Good Sam plan is over $1700 per year. I realize that a blown engine or trans would easily cost more than that but another annual coast of $1700 is pretty steep.

Do most folks get this coverage? Are there options?

[Elkhartjim]

Do a forum search for service contracts or service agreements; there are hundreds of posts. Would you buy an extended warranty on used coach?

[Gary RVRoamer]

Quote:

I'm wondering if these extended service plans are worth the investment.

It's not an investment - it's insurance. If you are expecting to collect more than you pay in premiums, don't buy it cause the odds are against you. But if you want some insurance against the risk of a major repair cost, it may be worthwhile for you.

See the previous message threads on this subject - much has already been written so no need to repeat it all here.

[Scooter]

If you want to do this, buy an "Exclusionary" contract. Not "Parts Named". See if "Consequential Damage" is included or excluded.

Go to Weiss Ratings to check on any insurance company/administrator listed on the contract. No other ratings services are worth your time.

[JC2]

Quote:

Originally Posted by sgtstriker Having recently purchased a pre-owned coach, and being new to RVing, I'm wondering if these extended service plans are worth the investment. The Good Sam plan is over $1700 per year. I realize that a blown engine or trans would easily cost more than that but another annual coast of $1700 is pretty steep. Do most folks get this coverage? Are there options?

I agree in that $1700 yrly is high. I'm with those "not" for purchasing an extended warranty as there are to many gotchas that these companies use to get out of paying. I would suggest that you determin a monthly sum that is affordable to your abilities and set it aside "every" month into a savings account that would be used only for maintenance/repairs that can't be handled out of pocket.

[1ciderdog]

The idea of setting aside money instead of buying a policy sounds great and in many or most cases will work out great BUT if you have a major problem in the first few years then you may have a lot of out of pocket expense. In my case my new to me used journey had over $7000 in warranty/service contract repairs the first year.
Safe Travels
Bob

[Fastcar]

You should be able to buy a 5 year plan for that amount.

[sdennislee]

See post 18 in this thread for some pricing comparisons Opinions of these Service Contract Providers

[sgtstriker]

Thanks to all for the valuable replies.......