A question we often get from within the RVing community is, “Are RV extended warranties worth it?” At Wholesale Warranties, we of course say yes; however, the answer depends entirely upon you and your financial goals.
If you own or are thinking about buying an RV, you likely know that you aren’t required to purchase an RV extended warranty plan in the same way you are legally obligated to obtain insurance. The problem is often that folks don’t fully understand what an extended warranty policy entails, and fail to secure coverage they wish they had. Here are some reasons why an RV extended warranty is worth considering.
The purpose of securing a protection plan for your RV is to save money. If your RV suffers a mechanical or even electrical breakdown that is covered under the policy, extended RV warranties provided by brokers such as Wholesale Warranties will cover the cost of repairs. All you need to do is receive a diagnosis from a technician and have a repair shop representative call the policy administrator to file a claim and receive preauthorization. Then, the warranty administrator will pick up the bill. Being proactive about getting coverage will save you money–and a stress headache.
Some people are understandably hesitant to purchase a policy. RVers often wonder whether it’s worth it to spend the money on an RV extended warranty if they’re confident in the mechanical condition of their vehicle. Unfortunately, RVs are prone to breakdowns. According to claims statistics, three out of every 10 RVs will suffer a major failure by just their second year on the road. By year five, that number leaps to eight in 10. By the eighth year, nearly every RV will have experienced a major breakdown. It’s especially important for full-timers and hardcore travelers to factor in these numbers when considering an RV extended warranty plan.
Additionally, due to their size and luxurious amenities, RVs are incredibly expensive to repair. Repair, parts, and labor costs add up fast. Plus, due to technological advances within the RV industry, these repair costs have only increased. The most common RV breakdowns can run you hundreds or even thousands of dollars, making a significant dent in your travel budget.
If you are still on the fence about whether to purchase an RV extended warranty plan, we hope that you keep these factors in mind. Wholesale Warranties is here to protect your finances and give you peace of mind while you’re out on the road—we think that’s pretty worth it! For a free quote, please feel free to fill out the form below: