When it comes to major financial decisions, you shouldn’t have to fully commit without flexibility. This is why RVers often ask whether their extended warranty policy can be canceled at any time. Life is unpredictable, and sometimes you need to adjust your travel budget accordingly. With Wholesale Warranties, you can cancel and refund your extended warranty policy; however, it’s important to note that you may have better options to consider first.
Do You Need to Cancel Your RV Warranty?
Canceling your policy should be a last resort. Your RV warranty is designed to protect you from paying out-of-pocket for expensive repairs. When you cancel your policy, you or your RV’s new owner risk facing unexpected breakdowns without coverage. However, if canceling your policy is the best decision for you, reputable companies will allow you to do so. With Wholesale Warranties, we issue pro-rated refunds for all cancellations. Be aware that some companies may charge a cancellation fee, so always check with your policy administrator.
Considerations Before Canceling
RV Manufacturer Warranty If you’re considering canceling because your rig is still protected under a manufacturer warranty, you might want to reconsider. Manufacturer warranties typically expire after one to three years, whereas Wholesale Warranties offers terms up to seven years. Doubling up on coverage can provide extra peace of mind. Additionally, if your engine is still covered under the manufacturer’s warranty, you can opt for coach-only coverage. This plan covers major mechanical components such as slide-outs, leveling jacks, and air conditioning units.
Transferable RV Warranties If you’re planning to sell your RV or pass it down to a relative, you don’t need to cancel your policy. At Wholesale Warranties, our RV warranty policies are transferable. An extended warranty adds value to your RV, providing an additional selling point and giving your buyer the benefit of continued protection.
How to Transfer Your Policy
The transfer process is straightforward:
- Notify Your Warranty Policy Administrator: Inform your warranty provider of your intention to transfer the policy.
- Complete a Transfer Form: Fill out a basic transfer form provided by your warranty provider.
- Pay a Small Transfer Fee: A nominal fee is required to process the transfer.
Once these steps are completed, the policy will be transferred to the new owner, who can use the warranty for the remaining time on the original term. Keep in mind that transfers do not apply to dealer trade-ins.
The Value of a Longer Warranty Term
The longer the original policy term, the more valuable your RV will be at the time of sale. If you think you might eventually sell your RV, consider purchasing an extended warranty with a longer term. This not only provides extended protection for you but also enhances the resale value of your RV.
Conclusion
Canceling your RV extended warranty should be a well-considered decision. While you have the option to cancel and receive a pro-rated refund, exploring other options like coach-only coverage or transferring your policy might be more beneficial. At Wholesale Warranties, our expert warranty specialists can help you find an individualized warranty plan that fits your needs. For a free RV extended warranty quote, fill out the form below:
Get a Free RV Warranty Quote from Wholesale Warranties
Making informed decisions about your RV warranty can provide peace of mind and financial protection, ensuring your travels remain enjoyable and worry-free.
Can I cancel an RV extended warranty after purchase?
A reputable warranty company will provide the option to cancel your RV extended warranty for a pro-rated refund. It’s important to be familiar with a company’s cancellation policy before signing a warranty contract.
Why won’t the dealer let me cancel my extended warranty?
Unfortunately, it is common for dealers to refuse to cancel RV extended warranties. On the other hand, brokers are not incentivized to bias any particular policy. Many warranty brokers, such as Wholesale Warranties, have cancellable policies.
How do I cancel my extended warranty?
First, call your warranty policy administrator and notify them that you want to cancel your policy. Then, if applicable, you will pay the cancellation fee outlined in your contract. After the administrator processes the cancellation, you will receive a pro-rated refund. Keep in mind that if you are cancelling because you want to sell your RV, RV warranties provide resale value because most policies are transferable.
