RV extended warranties are designed to cover repair costs for the mechanical failures of various components in your RV. Although this may sound like a good thing to have, you may be questioning whether it’s worth the investment. Read below to find out more about the pros and cons of purchasing an RV extended warranty.
The average RV repair costs around $300 per hour, which includes parts and labor. Replacing electrical parts, appliances or the transmission can cost thousands of dollars. An RV extended warranty covers certain major repairs and can help keep your out-of-pocket expenses to a minimum.
In addition, if you decide to sell your RV in the future, the extended warranty increases the resale value. Another advantage to having an RV extended warranty is protection against rising prices. The warranty company pays retail prices of repairs, regardless of how much you spent when you purchased the extended warranty.
Although the pros of purchasing an RV extended warranty certainly outweigh the cons, you need to be aware of what extended warranties don’t cover, such as:
Pre-existing problems (repairs that were needed prior to purchasing the service contract)
Gaps in RV collision or comprehensive insurance
Roadside assistance (although some extended warranties do include some roadside assistance plans)
Rust, corrosion or a poorly maintained RV
Purchasing an RV extended warranty is always a smart investment. The pros definitely outweigh the cons when it comes to buying an RV extended warranty. Visit the Good Sam Extended Service Plan website today.