I'm all for insuring for the catastrophic event but sometimes those third party extended service contracts just cost too much to make it worth it.
I'm one who doesn't believe in extended service contracts of any kind. Many disagree and it gives them comfort and peace of mind to have them and are willing to pay the prices they require. I still will take a chance and self-insure so to speak.
I suppose on an older coach, it may make sense to have something in place but what exactly does it cover? I think we're talking about chassis issues, correct? I'd definitely would not suggest any type of service contract on house/coach issues.
As was being discussed in another recent thread, these service contracts are worded where a lot of components are either not covered or severe limitations are make collecting a claim difficult. They'll do all they can to deny a claim ...it just makes sense as they are in the business of making money and they'll do everything possible to not pay if they can. So read the contract carefully and be prepared to dig deep into the wording of the contract and put up a good argument as to why the claim should be covered.
Sure, some claims are cut and dried but some can get frustrating to collect. I never wanted to go through all that frustration if I didn't have to especially when you're paying good money for these contracts.
But that's just me and if you feel better having one, many here on the forum recommend them ...and some are also like me who refuse to consider them. Generally, the policyholder doesn't get their money's worth but if there's a chance that it will cover a catastrophic engine or transmission failure, for example, then yes, obviously it's worth it in that case.