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Old 01-06-2016, 06:42 PM   #1
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Extended Warranties

I am looking at the CoachNet extended warranty does anyone have any experience with them?
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Old 01-06-2016, 07:20 PM   #2
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Not a fan of extended warranties. They would have been a money pit for me.
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Old 01-06-2016, 07:49 PM   #3
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Welcome to the forum.

Like norty1, I'm not a fan.
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Old 01-06-2016, 10:23 PM   #4
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If you do the math, they rarely justify their cost.

BUT, if you happen to have a need for it, they can be worth the price of admission.

One of the few times we actually bought an extended warranty on some new appliances (wife insisted), two of the three cratered within a few months and although it was a nightmare getting them fixed, they did come in handy.

Some untrained monkeys came out three or ten times, talked to the real brains over the phone who tried to walk them through the repairs and of course, without any spare parts, wound up replacing just about everything inside them before they finally got fixed.

If you calculate what I make an hour and how much time I spent futzing with the repair personnel, I probably would of came out better just buying new units.
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Old 01-06-2016, 11:05 PM   #5
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New unit come with factory warranty on all appliances & the extended warranty is a bet one of the appliance will fail. The extended warranty, about 2K, covers only the major appliances and most of them can be purchased for under 1K. Common failures like water pumps $100 so if you have any mechanical skills save the money.

I do have CoachNet break down service because lifting a 10K trailer takes large jacks just to change a tire. I have that stuff in my shop but don't want to waste space and carry the extra weight.
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Old 01-07-2016, 08:52 AM   #6
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Not a fan! Put the $$$ in a contingency fund and leave it there for a future repair. OR spend it 2 or 3 years later for whatever RV related.
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Old 01-07-2016, 01:04 PM   #7
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If anyone remembers Rusty Jones undercoating for your car. Part of the contract is to repair or refund your money.. Not a bad deal, someone tries to collect you give them their money back and they lost nothing...those that didn't collect were pure profit. Over the last 50 years If I would of paid for warranties for appliances, cars, houses etc I would of paid many more times what I may of collected. They have to make a profit, pay commissions etc out of the what they collect. So, I would guess MAYBE half of what they pay out is going to repair issues.
I agree with others, put the money aside and over time you will be far ahead. Good Luck.
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Old 01-09-2016, 09:24 AM   #8
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I've always looked at extended warranties like I look at insurance and casinos: If they didn't bring in more money than they pay out, they wouldn't exist. They exist to make money. Yes they will pay out, but the vast majority of customers are going to pay without getting much in return. The entire industry was built on that premise.
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Old 01-11-2016, 10:16 PM   #9
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If you read Trailer Life and Motor Home.. you will see one of the big complaints to the "action line" is the warranty people rejecting claims on technicalities.. that tells me all I need to know about it..
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Old 01-11-2016, 10:40 PM   #10
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Not worth the paper they are written on. They will find a way to get out of anything after the manufacturers warranty runs out. Just saying from my own experience..
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