Warranty companies

DQlady · June 29

Hello

im new to the RV world. Anyone know if Wholesale warranties is a good company to purchase a warranty from?

Is it a reimbursement plan?

thank you!

Kirk W · June 29

First, let me remind you that what is sold as an extended warranty is actually an insurance policy on the health of your RV and isn't part of the company that built the RV. I suggest that you take the time to read this article from Escapees Magazine several years ago as the key points have not changed. In recent years they are sold in two configurations, a version that lists everything that is covered and the other covers everything except the listed items. It is important to get the second type if you buy one at all. While you should compare more than one company, Wholesale Warranties is a commercial partner of the Escapees RV Club so has been vetted to at least some degree that they do not cheat their customers. They have a reasonably good reputation with their customers.

The important thing to remember is that like any insurance policy, you usually do not actually save money if there are no significant repairs needed, but if you have a major failure like the refrigerator, engine,or transmission, or any other major failure a good one can save your ability to travel. If you have the financial ability to put aside 5-10% of the purchase price of the RV into an interest bearing account to use when or if a major failure should happen, then an extended warranty is not a good plan. However, if a repair that costs $1000, $5000, or even more would mean the end of your RV experience, you probably should consider buying one.