We’ve had extended warranties on two different motorhomes. One of the issues we’ve had was having mobile RV techs come to campgrounds to fix problems who work for cash and don’t work with warranty companies. When we submitted the paperwork to the warranty company they refused to pay anything. So we paid $400 and got nothing from the warranty. Lesson learned, every step must be followed or you may be rejected. Sometimes the situation needs repaired and can’t wait for someone willing to go through the warranties steps.
We’ve paid approximately $6,000 in warranty fees over the past five years and had one claim for $400 and it was rejected. If we’d have put $100 a month into an account we’d have $6000-$400=$5,600 for repairs. Hindsight is always 20/20 but this is our view of extended warranties.
I agree with those that put a certain amount aside each month to cover repairs.