Thursday, December 24, 2020

RV Extended Warranties in the year 2021. Are they really worth it?

 RV extended warranty is basically a policy which you buy to cover (most of) the repair bills for the failure of almost every working mechanical component, system or appliance on your RV. An RV Extended Warranty provides you protection from a major financial blow in the event of these failures. Your financial outlay is usually limited to a “deductible” that you determine at the time of buying the RV Extended Warranty. RV extended warranty is similar to buying an insurance policy (although different) but it is worthwhile investment is a very individual choice, with many variables.

“RV extended warranty is all about risk management, and peace of mind. And what you are willing to do or pay for that.”


RV Extended Warranties in the year 2021. Are they really worth it?


What does an RV Extended Warranty cover?

RV Extended Warranty is designed to cover mechanical and electrical breakdowns and repairs on your RV roof. Things like the repair costs of slide-outs, furnaces, air conditioners, water heaters, appliances, engines and so on. RV extended warranty can be Exclusionary vs. Inclusionary.

Exclusionary policy- extended warranty

An EXCLUSIONARY policy is the best type of RV warranty one should have, as it offers the highest level of coverage/protection you can get on your RV.  It covers EVERY mechanical component on your RV, except for what is specifically listed under the “What is Not Covered” or “Exclusions” section of your policy. An Exclusionary RV warranty is the most comprehensive and best coverage available for your RV. 

Inclusionary Policy- extended warranty

An Inclusionary Policy is also known as a “Listed Component” RV extended warranty and offers limited coverage. These policies will list exactly which items are covered under the contract. If the item that fails is NOT on this list, it won’t be covered. That’s why it is considered a lower level of coverage than the “exclusionary” policy and therefore is less expensive.

What does an RV Extended Warranty NOT cover?

RV extended warranty will not cover regular RV service and maintenance. So you will still have to cover the cost of oil changes, tires and rotations etc. from your pocket. RV warranties also exclude damage to your windows, flooring, furniture, and upholstery and awning materials. 

As always, read the contract, its terms and conditions of coverage carefully before signing! Know what you are – and are not – getting! And also make sure you understand the process for filing a claim in the event of a breakdown.

What are the most common RV repairs?

The most common repairs for both motorhomes and towable RVs are air conditioners, slide outs, leveling jacks, generator, and the most important RV Roof repairs. Of course, while on the road there are many more things that can fail and need repair.

RV roof repair doesn’t have to be time consuming or difficult. Some repairs need professional expertise but some repairs can be done easily with RV roof sealant e.g. Liquid RV Roof.

What do RV repairs cost?

RV repair costs depend on the nature and complexity of the repairs needed. Large Motorhomes – especially bigger Class A’s and Super C’s – tend to be more complex and expensive than, say smaller Class B’s, Class C’s, and travel trailers and fifth wheels.

RVs are becoming increasingly big and complicated these days – with more technology, electrical and mechanical and systems. This means more things can also go wrong while you are on the wheels! Most RV repair facilities charge hourly labor rates that range between $85 and $150 an hour. The average tends to be around $120 – $130 an hour. But these can also move up to $200 an hour on more expensive rigs.

It has been estimated by many in the RV industry that an RV repair will cost, on average, $300 an hour, including parts and labor. So RV repair costs really can add up fast and cost a fortune on your RV travel experience! Not to mention your bank account.

Whether your RV will need major repairs?

According to RV industry, at least 3 out of 10 RVs will require a major repair in their second year on the road. By the 5th year, that goes up to 8 out of 10 and within 8 years, virtually all RVs will need a major repair.

In Short

When you a buy a new RV you will not need to buy an RV extended warranty as the manufacturer’s warranty will mostly cover the repairs for at-least for one year and in some cases for 2 to 3 years. BUT there are still advantages to buying an RV extended warranty right away – cost savings, convenience and peace of mind.

Have any question? Call 855-281-0940 or visit https://www.liquidroofrvrepair.com/ to shop Liquid RV Roof