Quote:
quote:Originally posted by Tom S.
Quote:
quote:Originally posted by mazboy
I know this will probably start a good discussion about extended warranties, but generally all extended warranties are a waste of money. Do your research and see what the expects say about these warranties.
I.e. good sam's has a 2 year warranty that with a $500 ded. will cost you the $500 along with a $800 premium. Consider that the first year is under a Montana warranty that one year will cost you nearly $1300. For a 5year warranty (acutally 4 years of good sams) it will cost you nearly $2600. And, this is with a 2013 5th wheel.
If you go to a 5 year and a $100 ded. you will be paying over $4000 for the 4 years of extended coverage.
Here is a good article to read before you decide on an extended warranty. http://www.wheelingit.us/2012/09/11/...ed-warranties/
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I agree 100%.  No insurance company would stay in business if they averaged pay outs more than the premiums. Just like Vegas, the odds are heavily in their favor.
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We purchased our Good Sam ESP after the one year keystone warranty was expired. We had a warranty on our 06 3400 that we purchsed in the 11th month of the Keystone warranty.
Our 3 year G.S Warranty with 200.00 deductible cost us 925.00 that is 308.00 per year. They just wrote a check to our dealer for the replacement of two Holding tanks for 1107.00. Both the G.snd our previous extended warranty worked for us.
Every business must take in more than they pay out..