Every year we send out a reminder that RVs will be another model year older effective January 1, and the rates for extended warranties go up as RV "age" increases.
So, for those who are in the market for an extended warranty and those whose warranties will be expiring soon, now is the time to start getting quotes and recommendations. It can save quite a bit of money on premiums if you get locked in before the end of the year. Don't wait until the holidays as it takes some time to make sure you get what works best for you.
You can complete a Free Quote Request on RV-Dreams.com here: RV Extended Warranty Quote Request.
I've just updated our highly visited RV Extended Warranties - Pros, Cons, & Helpful Tips page.
If you Google "RV Extended Warranties", that web page still shows up on the first page of the search results, and we're proud that it is still a much-used source of information on this "not so fun" RV topic.
There, we explain what to look for in an extended warranty, reasons to buy an extended warranty, and reasons NOT to buy an extended warranty.
To me it's pretty simple. RVs are going to break. But if you have the funds to "self-insure" every type of repair, then don't get an extended warranty. Otherwise, it's a risk assessment, and though RV extended warranties aren't insurance products, they are backed by insurance companies, and the decision of whether or not to purchase one is very much like determining whether or not you need insurance and at what level.
As I say on the web page, I don't like extended warranties in general, but an RV extended warranty is worth looking at due to the potential cost of major repairs and the fact that RVs are pretty much guaranteed to need repairs. If we had a huge cash fund for an engine failure for our motorhome, we wouldn't buy an extended warranty. But, since we have had the experience of an $18,000 bill when our diesel dually truck engine went out back in 2012 (just after the manufacturer warranty expired), we're a little gun-shy.
Just be cautious when anyone tells you not to purchase an extended warranty. You may not need to, but it's not their money at risk, so do your own analysis for your situation.
At any rate, the goal of the web page is to educate our audience about extended warranties, how they work, what to expect, and how to get the most out of them and avoid frustration should you go that route.
New Coverages
Catastrophic Coverage - Cheaper Contracts That Cover Only Major Motorhome Problems
Also, in my recent update, I've added a new coverage option from our partner, Wholesale Warranties. It's what they refer to as "Catastrophic Coverage" for motorhome owners.
These contracts cover only the chassis components. What’s included is, basically, everything that makes the RV move and steer. It will cover components such as the engine, powertrain, drive axle, and the electrical components inside the engine (alternator, radiator, fuel pumps, fuel injectors, A/C, steering components, suspension system, and braking system).
This option was added for RVers that don’t necessarily need the top level of coverage but want to make sure a catastrophic breakdown won’t break the bank. Though this is not an "exclusionary" or "comprehensive" contract, it may be perfect for those that 1) can fix some of the more minor issues themselves, or 2) have savings to cover all but the most expensive of potential repairs. And this coverage comes in at about 25% - 40% less than comprehensive coverage.
RV Rental Coverage
With the increase in popularity of peer-to-peer RV rental companies like RVShare and Outdoorsy, Wholesale Warranties has recently eliminated the exclusion of vehicles that you want to rent out. Whereas, RVs that were rented out by owners were not covered before, now they are. That's a pretty big deal. AND if you have a current policy with the rental exclusion, you can call Wholesale Warranties and they will modify it to include your RV if you want to rent it out.
This responsiveness to customer wishes is one reason we've remained loyal to Wholesale Warranties and recommended them since 2012. And another big reason for our partnership, which I've mentioned often, is their in-house claims support department which assists customers when claims issues arise. In those cases where the claims process isn't going smoothly, they will help. They can't ensure every claim is paid, but at least they will do the work behind the scenes to see how they can help.
Again, if you'd like to get a free quote, you can do that here: RV Extended Warranty Quote Request.
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