When it comes to RV warranties, flexibility is key. No one wants to be trapped in a financial commitment if they don’t have to be. At some point, you may want the option to transfer or cancel your RV extended warranty. This is particularly useful when selling your RV through a brokerage or private party. Fortunately, most dealerships and warranty brokers, such as Wholesale Warranties, offer transferable policies. All of Wholesale Warranties’ protection plans come with cancellation and transfer options.
What Does It Mean to Transfer My RV Warranty?
Transferring your RV extended warranty means that the protection plan can be passed on to the new owner when you sell or give away your RV. This is especially beneficial if you’re planning to retire from RV life and want to pass your RV down to a family member, or if you’re selling your RV to a private party. The new owner will then become the warranty policyholder and will enjoy the remaining coverage for the duration of the original term. This added benefit can increase the attractiveness and value of your RV to potential buyers.
How Do I Transfer My Policy?
The process of transferring your RV warranty is straightforward:
- Contact Your Policy Administrator: Before selling your motorhome or towable trailer, get in touch with your warranty broker or policy administrator to inform them of your intention to transfer the warranty.
- Complete a Transfer Form: You will need to fill out a simple transfer form provided by your warranty provider.
- Pay a Transfer Fee: A small transfer fee is typically required to process the transfer.
It’s important to note that warranty transfers do not apply to dealership trade-ins. If you’re trading your RV in, retiring from the RV lifestyle, or no longer require warranty services, you can cancel your policy for a pro-rated refund.
Why Consider a Transferable Warranty?
A transferable warranty can significantly enhance the resale value of your RV. Buyers will appreciate the added security of an extended warranty, making your RV a more attractive purchase. Additionally, a longer warranty term can further increase your RV’s value, making it a wise investment if you’re considering selling your rig in the future.
For a free RV warranty quote or more information about transferable policies, fill out the form below:
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Understanding the benefits and process of transferring your RV warranty ensures you can make informed decisions, offering flexibility and added value whether you’re buying, selling, or passing down your RV.
