LTRVD 0391 Extended Warranties

Extended Warranties

Extended Warranties

Our subject this week is Extended Warranties. It is a rerun of show number 367. John had a few medical procedures this week, so we’ll be back with all new material next week. We are quite fortunate to have with us Chris Yust, RV insurance specialist and agent. Chris was our guest once before for one of our most downloaded podcasts all about RV Insurance. Her company is C and C RV Insurance and the website is www.candcrvinsurance.com .

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Controversial subject

This show is a complement to the earlier one. This time the primary subject is the RV Extended Warranty, or Extended Service Plan. This topic has become somewhat controversial with some folks questioning the cost of the premium as opposed to what they can set aside themselves for repairs. We’ll look at both sides.

We start with the difference between an extended warranty and an insurance policy. One point brought up early on is to check out any company offering an extended warranty with AMBEST, an independent insurance rating agency. Look them up at www.ambest.com . Then we move forward to purchasing a dealer extended warranty, or not.

We discuss the difference between an inclusionary policy and an exclusionary policy and why the exclusionary one is best.

We get into claims and how they are processed with extended RV warranties. This includes the interaction between us, the customer, and the insurance company and the repair shop. This can be quite an involved process and the customer needs to understand it completely.

Next up is deductibles, that amount of your hard earned money you must pay when the work is done. Then we cover renewals, transfers, and cancellations.

Throughout this interview we stress that you must Read the Fine Print! Read your policy or contract.

Author: John Huggins

John is a retired Navy Electronics Technician Chief. He traded the Navy adventure for a job in manufacturing quality assurance in 1986, and traded the job for the RV adventure in early 2005. Kathy has held jobs in the medical office arena as well as raising two sons. We now have 5 grand children and one great grand child.We have done much volunteer work since hitting the road including working at the Escapees CARE center in Livingston, Texas. We also are registered Red Cross disaster volunteers, and served in a Hurricane Katrina shelter in San Antonio, Texas.Our connection to Sarasota started in 1995 when John was transferred from New Jersey to work for Electro Corporation, later to become a division of Honeywell. He retired in 2004 and we bought our motorhome and hit the road.We are life members of the Escapees RV Club, as well as members of Good Sam Club and Family Motorcoach Association (FMCA). We hold campground memberships in Thousand Trails, RPI, and Passport America. Our home park is Hart Ranch in Rapid City, SD.Lately, we have worked in campgrounds in PA, IL, SD, AZ, and FL.Nowadays, we have become podcasters, broadcasting our show, Living the RV Dream on the internet. We also have this blog we are having fun with. Check out our Books page for our books on RVing and Workamping.

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