One of the most common questions we get as RV warranty specialists is: should I wait to buy? We understand this concern. After all, many of our customers are hopping into brand new rigs that come with full manufacturer warranties, and no one wants to pay for double coverage, right? And yet, we rarely recommend waiting until the existing manufacturer coverage has run out!
In this blog, we’ll seek to help you answer the much-pondered question:
Should I buy an extended warranty now, or wait until my current manufacturer warranty has expired?
The purchase of extended RV warranty coverage is a decision that has to be made by each individual, and buying while your rig is brand new is no different. You’ll want to consider many of the same questions you would ask yourself about buying coverage for a used unit: can I afford costly repairs to commonly failed items (see the graphic to the left for more details)? How important is peace of mind while I’m traveling? What is my desired level of risk when it comes to mechanical failures? If any of these questions point you towards checking out coverage, you’re likely on the right track.
The Concern of Overlapping Coverage:
If you were to purchase an extended RV warranty, your manufacturer warranty would take precedence over this coverage until the manufacturer warranty term has expired. At that time, your extended warranty would become your primary source of protection against mechanical failures. Waiting to buy coverage until the manufacturer warranty is over will prevent this overlap of coverage.
However, waiting to buy an RV warranty until your manufacturer policy has expired will also present a variety of disadvantages—many of them hitting where it hurts most: your wallet.
Reasons to Buy an RV Extended Warranty While Manufacturer Warranty is Still In-Force:
- Expected Risk:
Warranty Companies consider the risk of a vehicle coming out of, or already out of, manufacturer warranty as very high. This will result in exponentially higher pricing for coverage if you buy an extended warranty on an RV without manufacturer warranty. Depending on the policy you are looking to purchase, this may even change what levels of coverage are available to you.
- Term Options:
When your rig is brand new, extended RV warranty companies allow you to lock in excellent pricing for much longer terms. This is will result in your least expensive overall cost for the same great coverage! Without manufacturer warranty, the term available to you will be reduced, and your cost-per-year will rise.
- RV Inspection Requirements
When a vehicle is out of factory warranty, a full mechanical inspection is required before an extended warranty can be placed on the unit. This could result in increased cost, as well as the time involved in completing your mechanical inspection.
- Increased Cost for Equal Coverage
Waiting until manufacturer warranty expires will almost always take you into a new calendar year, resulting in price increases based on model year alone.
Purchasing your extended warranty now will give you the best coverage and pricing options, but what do you do with overlapping coverage? Many of the policies offered at Wholesale Warranties come with ancillary benefits like roadside service, or trip interruption reimbursement. If you have a failure that is covered by your manufacturer warranty, you may be able to take advantage of these added benefits while your rig is in the shop.
So, should you purchase an extended warranty while your manufacturer policy is still in effect? The decision is ultimately up to each individual RVer, but it’s certainly worth taking a look at the options available to you and how they might change over time.
For more information on an extended warranty for your vehicle, please submit your information below:
Cam Leavitt says
I presently have warranty on my Rig. It is with your company, and it expires this coming December. My unit is a 2008 Tiffin Phateon with about 50,000 miles. Can this warranty coverage be extended?
Wholesale Warranties says
Thank you for reaching out. We are able to offer policies to vehicles 15 model years old and newer, and under 100,000 miles, so yes, we will be happy to help you renew your coverage in December!
Robert Cowan says
I have been waiting over 3 months to have my RV serviced at my dealer’s, but his shop and so many other shops are so understaffed that it is almost always the case that service delays are extensive. And RVs are so poorly constructed that most shops are tied up just providing warranty service. Buying an extended warranty seems to be futile since the warranty will not pay when the required manufacturer’s service intervals cannot be met. Therefore, I think I will just not renew my extended warranty.
Wholesale Warranties says
Thank you for your response! We understand your frustration, and it is echoed by many RVers. While an RV warranty does require the vehicle to be maintenance per the manufacturer specifications, it is very rare for minor delays in this maintenance to render your extended warranty void. For more information on maintenance requirements or even finding alternate repair facility options in your area, please don’t hesitate to contact us at 800.939.2806.