When it comes to major financial decisions, you shouldn’t have to fully commit. This is why RVers often ask whether their extended warranty policy can be canceled at any time. Sometimes things happen and you have 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 a better option that you’ll want to look into 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 on lofty repair expenses. When you cancel your policy, you or your RV’s new owner run the risk of experiencing unexpected breakdowns, unprotected. Ultimately, if canceling your policy is the best decision for you, reputable companies will let you do so. With Wholesale Warranties, we issue pro-rated refunds for all cancellations. However, some companies may charge a cancellation fee, so be sure to check with your policy administrator.
RV Manufacturer Warranty
If you’re thinking about canceling because your rig is protected under a manufacturer warranty, you should reconsider. Manufacturer warranties typically expire after two years. Wholesale Warranties offers terms up to seven years. There is no harm in proactively doubling up. Also, if your engine is still covered under the manufacturer’s warranty, you should consider coach-only coverage. This plan covers some major mechanical components, such as slide-outs, leveling jacks, air conditioning units, and more.
Transferable RV Warranties
Some folks may eventually want to sell their RVs or pass them along to relatives. You don’t need to cancel your policy in order to do so. At Wholesale Warranties, our RV warranty policies are transferable. An extended warranty adds value to your RV. You get an additional selling point, and your buyer gets to take advantage of the additional protection.
The transfer process is straightforward. If you’re planning to sell your RV through a brokerage or private party, you will need to notify your warranty policy administrator first. In order to transfer the policy, you’ll fill out a basic form and pay a small fee. Then, the policy will be passed to the new owner. The new policyholder will be able to use the warranty however much time is left on the original term. Keep in mind that transfers do not apply to dealer trade-ins.
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, you should consider purchasing an extended warranty with a longer term. Our expert warranty specialists will connect you with an individualized warranty plan. For a free RV extended warranty quote, fill out the form below.