What to Look for in a Boat or RV Warranty

What Should I Look for in a Boat Warranty?

Purchasing a new boat is a significant undertaking, and sinking cash into premature repairs is the last thing you want. That’s why it’s so important to find a warranty that keeps you protected.

Unfortunately, that’s easier said than done. Every boat comes with its own unique terms and conditions. So how can you ensure total coverage in case of any problems or repairs?

Well, it’s simple. You just need to know what to look for. When evaluating a manufacturer’s warranty program, consider the following factors:

What’s Covered? First and foremost, find out what the manufacturer covers and identify if there’s any independent warranty coverage. Generally speaking, larger components—like the hull and deck—have limited-lifetime coverage.
What’s Not Covered? Yes, identifying what’s covered is crucial, but it’s even more important to figure out what you’re liable for. Mechanical components, like the engine, usually require separate warranty coverage.
Is Your Warranty Transferable? The best boat warranties should include transfer clauses in case you ever decide to part ways with your vessel. If you sell your boat within the warranty period, check to see if you’re able to transfer the remaining warranty to the new owner. Not only is this the “right thing to do,” but it also increases your resale value.
Is the Warranty Pro-Rated? “Pro-rated” essentially means your coverage diminishes over a set period of time. As boats age, more problems occur, and the manufacturer sometimes includes this clause in anticipation of future issues.

Nobody wants to get stuck swimming in a sea of paperwork. Luckily, with Finance Solution by your side, you don’t have to.

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What Should I Look for in an RV Warranty?

Few things are worse than breaking down in the midst of a road trip. Yes, every motorhome is susceptible to mechanical problems. But here’s the catch: these are avoidable issues.

Just like our nautical neighbors, RV owners need to stay diligent in finding comprehensive coverage. If you’re looking to avoid a rough ride back home, here’s four tips to find the best travel-trailer warranty options:

1. What’s Excluded in the Warranty? When it comes to boat vs. RV warranties, it’s important to note they’re powered by inherently different systems. This disparity is represented by the exclusions, as motorhome owners assume the following liabilities:

Collisions and failures caused by physical damages
Weather complications (leaks, hail damage, etc.)
Issues with aesthetic items (flooring, furniture, glass, paint, etc.)
Maintenance items, like oil changes or brake pad replacements

2. Are You Covered for Mechanical Failure? Separate from maintenance items, mechanical failures refer to any issues with your engine components or electrical systems. Every year, motorhomes are outfitted with newer amenities. This added luxury, however, comes at a price. As RVs become more complex, so do the maintenance tasks. That’s why it’s essential to find a warranty program that covers parts and labor.

3. Who’s Allowed to Work on Your RV? When motorhomes break down, you need timely repairs to get back on the road. While simple in theory, it becomes a complicated process depending on the structure of your protection plan. Some RV manufacturers have a predetermined network of shops you’re required to work with. So, look for a program where you get to choose who services the vehicle.

4. Will You Need Pre-Approval Prior to Repairs? In some circumstances, you’ll need to be pre-approved before you can take your RV into the shop. While this process seems simple, there’s still the off-chance you’ll need emergency repairs. To avoid getting left high-and-dry, make sure you don’t need to jump through approval loops to conduct simple repair work.

5. Are You Getting Cookie-Cutter Coverage? Lastly, it’s essential to realize RV warranty plans differ depending on your provider. A “one-size-fits-all” won’t cut it, as your warranty should be tailored for your travel style. Generally speaking, if you bought a used motorhome, you’ll want to be covered for repairs and any sort of miscellaneous maintenance items. On the other hand, if you purchase a newer RV, make sure your clause includes electrical work, mechanical maintenance, and other resource-intensive repairs.

Finance Solution: a Better Way to Secure Your Boat/RV Warranty

The quality of your warranty is the difference between expensive repairs and a, “Don’t worry, that’s covered.” Still, buyers often neglect comprehensive coverage, justifying it with statements like:

“Maybe it’s worth the risk..”
“Do I really need a warranty?”
“A brand-new purchase shouldn’t experience mechanical failure, right?”

Luckily, Finance Solution can advise which warranties are worth it and which aren’t. Even better, as a third-party provider, we have no hidden agendas. Our main focus is getting you the best warranty possible.

Ready to experience the peace of mind that comes with full-coverage? Good news, you’re in the right spot. Start a conversation with our expert team to learn more. We’re only a click away.