RV warranties – a thing no RVers want to travel without! It protects against double trouble scenarios and offers peace-of-mind.
But, does it make sense to have a recreational vehicle warranty when I have insurance? What is the difference between a warranty and insurance? Can I transfer my warranties?
I will answer all your imperative questions in this article. So, if this piques your interest, continue reading.
So, are travel trailer warranties transferable? Standard warranties are not transferable, but its always worth checking the manufacturer’s fine print. Extended warranted and transferable warranties are transferable, but you may need to pay a transfer fee.
RV warranty or a recreational vehicle extended service contract provides coverage for electrical failures or mechanical breakdowns that have crop up in your motorized camper.
A warranty assures the purchaser that your RV is free from all kinds of defects. It’s a worth buying protection product for RVers. It will give you a financial boost in any event when your RV or a system suddenly fails.
RV warranties will pay for your RV repair expenditures. And when it comes to RV repairs, they may range from problems in diesel engines, slideouts, water heater systems, leveling systems to refrigerators and AC units issues, etc.
So, Is RV Warranty Worth Buying?
The answer is simple: “Yes.”
RV warranties are a hot debate these days, and the internet is overflowing with heated viewpoints, horror stories, and positive testimonials. However, they are worth every penny.
Most people hate when they have to pay for service and extended warranties. It is quite skeptical because you are paying thousands of dollars for an RV, and now you have to pay an extra fee when you know it’s possibly going to get damaged.
However, a warranty can save you from a lot of costly repairs. One single repair can probably break your bank.
Current Repair Statistics and RV claim show that $300/hour is the average RV repair cost. Therefore, an RV warranty secures your bank and safeguards you from high repair expenses.
For RVers, various coverage options are present at their disposal. The most common ones are as follows:
Listed Component Warranty
This policy lists all the items that the contract will cover. If you experience any failure or breakdown that is not mentioned, it will not cover. These kinds of coverages make it hard to determine what’s not included; however, it is an inexpensive option.
It is the type of coverage you want because it is a comprehensive one. This coverage includes every RV mechanical aspect, and the policy has made an excluded list of items that it will not cover.
This coverage covers all costly items that have a price tag close to or beyond $20,000. It covers components, for instance, drive axle, and engine powertrain.
Furthermore, it covers electrical components inside an engine like fuel pumps, radiator, alternator, steering components, A/C, suspension system, braking system, and fuel injectors.
This policy covers most components; however, it excludes transmission, engine, steering components, and drive axle.
These inexpensive warranties are for those who do not qualify for other coverages and are best for trailer owners who own high mileage campers.
When you need an RV protection service warranty, many travel enthusiasts find it difficult to distinguish between a warranty and insurance coverage. They are left wondering whether they require both or just one.
You need insurance to cover the cost of incidents like natural disasters, theft, and collision. In contrast, an RV service warranty will cover all your repair expenses for every component.
To put it simply, it is mandatory to have comprehensive and collision insurance for your trailer. It is necessary by law to have insurance while traveling in a mobile home in the US.
Contrastingly, a service warranty is not a legal obligation. The policies available are optional warranties that protect your RV from things insurance will not cover.
Can you transfer your warranties? The short answer is, “Yes.” But, why is this feature in a warranty so crucial?
Before purchasing any coverage, make sure that your RV extended warranties are transferable. These extended warranties provide coverages beyond the manufacturer’s warranties.
However, you might have to pay a small fee for transferability, but having this feature will help you quickly sell your trailer.
Moreover, with a transferable warranty, you can continue using the same warranty plan under a different owner’s name after buying or selling a motorhome.
Wondering which warranties are transferable? The Wholesale Warranties offer transferable coverages. These transferable warranties come in handy, especially when you are not dealing with RV dealerships.
Cancellation Process of Transferable Warranty
But what if you want to cancel your transferable warranty?
Of course, you can cancel it quickly and get a check back instead of transferring it. To cancel it out, you have to read what the cancelation policy says.
Many extended warranty companies give refunds based on the amount of time left on your contract when you cancel.
Make sure to go through the policy and find answers for questions like, can you terminate your warranty within thirty or sixty days and receive full payment? Will there be any changes in the refund policy after completing the probation period?
Furthermore, you might have to pay administrative fees to get a refund or begin the cancellation process. Therefore, figure out how much amount you have to pay.
Additional Benefits of RV Warranties
Several extended warranties will provide roadside assistance, towing, lodging reimbursements, emergency repair, and various minor advantages.
Reasons to Buy an RV Warranty
Every RV will have some issues, and you have to repair something at some point. Some of the reason to invest in an RV warranty are as follows:
It provides mental freedom and satisfaction because the trailer manufacturing process is quite different from auto manufacturing.
RV manufacturing factories are not computer programmed, and it requires a sizeable human involvement.
Thus, it is costly. You can sleep better when you know the service warranty will cover all your surprise expenses.
By now, I have discussed that these warranties pay for your repairs. But I haven’t told you the best thing yet.
You have bought an RV warranty from a company. What if the expenses of repairs would increase over the years? Won’t they be charging you?
In that case, the administrator cannot call and ask you for additional money because of the inflated prices.
Administrators look for the best repair facilities and ensure that they are not overcharging.
You cannot consider this as a significant reason; however, it provides sellers benefit and offers buyers peace of mind. Ensure that your extended warranties are transferable.
It is your personal decision whether you want to buy the trailer warranty or not, but make sure to purchase the transferable warranty.
I tried to cover all the crucial points in this post, and when you choose a warranty provider, remember to read reviews on different sites such as Business Lobby, Better Business Bureau (BBB), and Google.
I hope you have a deep insight into the trailer’s service warranties now that you have gone through our page.