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Old 12-04-2009, 12:15 PM   #1
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Good Sams Extended warranty

What do you think about Good sams extended warranty DP M/H!
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Old 12-04-2009, 12:54 PM   #2
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Put the cost of that into a savings account and add a bit to it each month. You'll be money ahead paying for your repairs.
Joe & Paca
Gainesville, FL
08 Safari Simba RD, 37PDQ
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Old 12-04-2009, 01:16 PM   #3
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after we purchased our rig i looked into it and was shocked by the price and the small time frame it covered.
I agree with putting $$ in a savings account then using that.
USN Retired, Life time member of the DAV.
Enjoying the 2008 Damon Tuscany 4056, #3998 no your eyes are fine, there are really 6 slides
2022 F150 King Ranch or 2012 Edge toads

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Old 12-04-2009, 07:29 PM   #4
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It's like any insurance policy; they are betting that nothing bad will happen and they will get a lot of premiums. You are betting that a lot bad will happen, and you will not have paid many premiums. Realistically, the odds are skewed in favor of the insurance companies (in this case, Good Sam) since they are in business to make a profit. There's nothing wrong with this if you choose to buy the warranty.

My personal opinion is to save the premium. If you subscribe to Motorhome magazine, read the many Action Line requests for help with denied premiums. And, this magazine is owned by the same company (Affinity Group) that sells the insurance (!)

Originally Posted by DBOL View Post
What do you think about Good sams extended warranty DP M/H!
George Schweikle Lexington, KY
2005 Safari (Monaco)Trek 28RB2, Workhorse W20, 8.1, Allison 1000 5 spd, UltraPower engine & tranny, Track bars & sway bars, KONI FSD, FMCA 190830, Safari Int'l. chapter. 1999 Safari Trek 2830, 1995 Safari Trek 2430, 1983 Winnebago Chieftain, 1976 Midas Mini
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Old 12-05-2009, 06:47 AM   #5
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Location: Off the road after 14 years full timing
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When I bought my new Monaco this year it came without a warranty. Because of that, I was able to negotiate a great price, and saved about $30,000 over a warrantied unit.

Then, I got the Good Sam Extended Warranty and selected the lowest premium, longest duration, highest deductible. This meant a 4 year policy with $500 deductible for $1,200 or so premium. Sure, $1,200 is still a lot of money but if any major problem occurred during the next 4 years I am mostly covered. This was peace of mind for me, so I think it was worth it.

That said, you still have to be careful as the policy excludes many things that frequently go wrong. Read the policy terms carefully and decide if the cost is worth it for you, and make your decision based on your needs.

== John
2015 Entegra Aspire 44B (SOLD)
2017 GMC Acadia Denali, M&G braking, Blue Ox
Full-timing 2008 - 2021.
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Old 12-05-2009, 10:02 AM   #6
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Short version is that an extended warranty is a gamble between you and the warranty company.

You are betting there is a major problem during the warranty period which will cost more than the warranty price.

The warranty company is betting just the opposite.

It really comes down to whether you want to take the gamble or not. Each person can answer that question for themselves.
Sean & Eddie
2007 Damon Tuscany 4055
Koa the puppy
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Old 12-07-2009, 07:42 PM   #7
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Is this the sentiment for ANY policy or specifically the Good Sam policy?
Tim Heinzen
2013 King Aire
'12 Jeep COD MWF
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