There’s nothing like being able to explore new places in a recreational vehicle. An RV gives you the freedom to travel comfortably and lets you sleep, cook, and relax while on the road. Perhaps that’s why this year, there is a record high of 11.2 million households who own an RV.
But what do you do if your recreational vehicle breaks down?
Since RVs are complex machines, RV maintenance and repairs are part of the experience of owning one. The cost of RV repairs can be expensive on its own – but having an extended warranty for RV can save you money.
Extended warranties cover the cost of the repair shop labor and RV parts on your behalf. Unlike the manufacturer warranties that only cover RV maintenance and repairs for a certain amount of time and mileage, an RV extended warranty lasts for years.
What Does a Recreational Vehicle Extended Warranty Cover?
Extended warranties cover the expense of RV repairs associated with a mechanical or electrical component failure. Depending on the level of extended warranty coverage you purchase, this can include everything from transmission repairs to slide-outs, appliances, brakes, leveling systems, and more.
Certain, extended warranties for RVs may also offer added benefits such as roadside assistance, reimbursements, and claim assistance. However, an RV extended warranty policy does not cover accident repairs, weather damage, or the cost of stolen items.
The cost to buy an extended warranty sometimes deters RV owners. So, is an RV extended warranty worth it? Here are five reasons to consider buying an extended warranty for your recreational vehicle.
1. Allows You to Manage Financial Risk
RVs are at higher risk of mechanical and electrical failures than standard vehicles. In fact, by the fifth year of ownership, RVs have an 80% chance of a breakdown.
If the thought of unplanned expenses concerns you, having an extended warranty for your RV can help.
The labor cost and price of replacement RV parts can be anywhere between $350 to as much as $20,000, depending on the repair. However, with an extended warranty, you can rest easy knowing that the cost of many RV repairs will be covered at one low deductible.
2. Getting Your RV Repaired Will be Quick and Easy
If you require RV maintenance or damage repair, an extended warranty can make the process easier. Your warranty provider will expedite the process by referring you to a repair shop, helping you with your claim, and paying for the cost of service.
Without a recreational vehicle warranty, you have to pay all of the repair costs out of pocket. So, you will likely waste a lot of time researching the cheapest options before you can get your RV fixed and back on the road.
RV extended warranties remove added stress by expediting your RV repair(s), so you can go back to venturing on your next road trip.
3. Transferable Warranties Increase the Resale Value of Used RVs
If you eventually sell your recreational vehicle, purchasing a transferable warranty can help increase its resale value.
Since used RVs are older and more prone to breakdowns than newer models, transferable warranties offer used RV buyers added peace of mind. The ability to manage risk is a big selling point for your used RV.
In addition, used RVs that include previously purchased extended warranty coverage suggests to the buyer that it was maintained and (if need be) repaired during the previous ownership. It also creates a paper trail listing all of the repairs and services for the RV.
You may have to pay a small fee for a transferable warranty, but it’s worth considering if you plan to sell your RV at some point.
4. Extended Warranty Policies May Offer Added Benefits
A quality recreational vehicle extended warranty policy will come with benefits to help keep you safe and protected when things go wrong. There are many different benefits you can receive from an extended warranty – here are just a few:
- Emergency Roadside Assistance:
An RV breakdown can leave you stranded on the side of the road. An RV extended warranty that offers roadside assistance benefits will cover the cost of towing and other roadside services to keep you safe.
- Travel Reimbursements:
If your RV breaks down on a road trip, there’s a chance that you will be far from home. With travel reimbursement benefits, the cost of hotels, rental cars, or even plane tickets may be covered by your extended warranty provider.
- Claim Assistance
Sometimes, a designated auto repair shop will deny your warranty coverage and try to charge you for a repair that should be covered. If a repair shop gives you any trouble with your RV damage repair, an extended warranty will be able to help. With claim assistance, your provider will step in to resolve the issue on your behalf.
These are just a few of the benefits you may receive with extended warranty coverage. When searching for the best RV extended warranty policy for your needs, it’s a good idea to compare benefit options.
5. Enjoy Your RV with Peace of Mind
Regular maintenance and emergency repairs are to be expected as an RV owner. But budgeting thousands of dollars to have as an emergency fund is difficult to do. Plus, there is always the anxiety that comes from wondering what to do in the event of a breakdown or an accident.
With an RV warranty, you won’t have to worry about any of this.
Instead, you can venture on the open road with peace of mind of knowing that if anything happens- you’ll be covered. That includes the cost of roadside assistance, towing fees, fuel delivery, and tire changes.
Buying an RV extended warranty can benefit and improve your recreational vehicle ownership experience in many ways. Extended warranties ensure that your investment remains protected for years to come, so you and your family can enjoy your RV to its fullest- without breaking the bank.
If you are interested in buying an extended warranty for your RV, RVing Solutions will help.
We provide comprehensive extended warranty policies with an array of benefits for added peace of mind.
Let us show you the benefits of purchasing an RV extended warranty – get started with a free quote today!