Great Lakes Angler Blog

Should You Get Extended Warranty for Boat?

Wednesday, February 05, 2014

ALEXANDRIA, Va., February 4, 2014 -- It’s acknowledged among boat owners that boat engines have improved in quality and reliability over the years, and backing that up are recent surveys from J.D. Power reporting a steady decrease in the number of reported problems in marine engines. So is buying an extended service contract – also known as “extended warranties” – worth the money today? The Boat Owners Association of The United States (BoatUS) Consumer Affairs looked at the issue and has these tips:

An extended “warranty” really isn’t a warranty: An extended warranty (service contract) is not a warranty at all but rather an insurance policy that pays for repairs if the breakdown, failure, or failed component is specified as covered by the policy. On the other hand, a new boat warranty covers much more, is included in the cost of the boat, and offers legal protections to the boat buyer.

Not everything is covered: An engine extended service contract covers specific items only. One BoatUS member found this out the hard way when his third-party extended service contract left him $1300 short after paying out of pocket for an engine control unit (ECU) replacement job on his 30-foot powerboat. The ECU was deemed consequential damage – and not covered – as a result of the original problem, an overcharging alternator.

The real cost of repairs could be higher: Extended service contracts typically come with deductibles, some don’t cover engine removal, and they often limit haul out coverage or, in the case of manufacturer-backed programs, will only pay if you purchased higher levels of coverage. Check the contract’s details on how the company handles deductibles and consequential damage.

Kill the overlap: If you decide to buy an extended service contract, find one that begins after the manufacturer’s warranty expires and never be pressured into buying one the same day you buy the boat. You’ve usually got up to at least nine months to make a decision. It should also be transferable, which adds to the boat’s value.

Manufacturer benefits: Consumers often get a better deal on engine service contracts that bear the name of the manufacturer because the dealer’s markup is limited. And while these service contracts take their name from the engine’s manufacturer, independent companies could underwrite them. However, you still are likely to get a better deal regardless because “manufacturer” programs often have substantially better coverage and more flexibility. Don’t forget prices are negotiable, and some engine manufacturers sell contracts direct, bypassing dealers.

Approval needed: While it is an extra step, extended service contracts require preauthorization before work begins. However, avoid those that will require work to be done only at a network of “approved” shops, or require you to use the selling dealer.

The gamble: Most defects in new boats and engines appear within the standard warranty period, so you may not get a return on the money you paid for an extended service contract.

How many problems will I have?: Some engine models that have higher than average rate of problems may benefit from an extended service contract. BoatUS members can use the BoatUS Consumer Protection Database that contains thousands of first-hand reports on boats and engines at www.BoatUS.com/consumer. For membership information visit www.BoatUS.com or call 800-395-2628.

  Read Full Story



Recent Posts



Tags

CLASSIC Synergy Outdoors Kevin VanDam Speakers News Video Shipping Army Corp of Engineers Kill switch Home Port Marine Marketing Deck Plate Tackle Bag Wake Fishing NMEA Grand Rapids Ultimate Outdoors Show BOLT Padlock Holland Hamlin radar Moisture Muncher www.bigweeniebrand.com Boga Ryan Kleckner Uncle Norm's Blue Heron Communications Lakemaster Tracker Marine Great Lakes Troller Lake trout VMC Balog Insect repellent Torpedo Divers Gear Berkley Extreme Baitcast Reel Hunting Gill NA St. Croix Rods Princecraft Clam Smart Guide Publications Jonathon VanDam tree stand injury Swanson-Russell Swedish FireKnife Titan Chain LakeMaster Western States Version Up Stream Hydration Back Pack Dollohan ODNR Wildlife Forever Tournaments thieves Beckson Marine Stowaway Bag Plates and Kits Dave Genz Reese Scott Martin MULL BLOG IGFA John E. Phillips Port of Indiana Spreads Walleye tournament Walleye 580P lenses KVD Speedbag Wormfile Bristol Bay Salmon Lake Superior Camera mount Rescue Coleman Big Bear Products Endura Line Recycle Bin Serious Shine exotic species Orca Fin System LineSnubber Tommy Skarlis Boat US Insurance Airmar Minn Kota Sheldon's Boat lifts Faria Bass fishing Macho Minnow cruzin B.A.S.S. Knives Silver Horde hardbaits Dunkirk, NY Streams Sport Shows Grunden's boat rental Soft Jigwobbler Magnum Flow-Troll jeffstackleshop.com F-Series Storm Gear Sunstream Boat Lifts Mack's Lures Evolve 1675 Pro Guide Scholarship SeaEra QC Fuel Evinrude Ned Rig News/Social Plano Muscle Squared 65 Boat names RedHead Beckson Marine Stowaway Bag Plate Full Throttle ice fishing, Bro Show, Traditions Media Smart Guide to Freshwater Fishing Downriggers Cliff Pace South Haven NAIFC Championship Steve Wood Iaconelli Kayaks Salmon Patrick Hurst Traditions Scott Glorvigen Boating spoon Optima Side Thruster Forage Minnow Snow-Shoe Tip-Up New Zealand toilet Knife sharpening Aqua Vu mudsnail Ranger VS1780 Chargers CMP Global Ascend Contest Sun protection Muskie Lure USO Chaco Michigan DNR WFN Safety USSA Andrew Dordek Aluminum Deep V Series Jeff Wenzel Fishing thieves trailer tongue Sphaera Marine NewsWire Tight Lines Jewelry Mercury Marine Swim bait Z-Man Michigan Lund sunglass KVD Speedbag PulseTech Power Bass Pro Shops Audio Rods Jerky Gary Dollahon Promise Keeper Marine Radio EVOLVE FISHING CO Baitcast Fishing Pole BBQ Lighter FRIDAY FUNNIES Mystery Tackle Box iPilot Link Larson Electronics Coast Guard great lakes Ravenswood Media KVD treestand injury Church Tackle Matt Serbenski The Harry Lure Brite Wash PFDs U.S.S.A. Minnesota Marsh Madness La Mar Black Velvet Lights splice Salmon Unlimited of Illinois Tides Chicago barrier Innovative Outdoors AmVets LOTSA Dogwood Canyon Trail Runs Stabenow New Lures Bait Rigs Ice Features BoatUS Pharmaceuticals Lake Huron DuraSafe Tournament Grade Circle Hooks Mark Chmura iPhone Rugged Shark spreader light Angler Mary Snyder Shock Wave Lake Erie Trade Shows Fiberglass boat Green Bay, Wisconsin Todd Sokolow Personal Flotation Devices Marine Lighting Dave Mull JVD Rig'N Tails Frigibar Bass Pro Mosquito repellent Telescoping JIggler Long Rod STRATTEC Youth Plano Tackle Boxes Oshkosh Green Bay Bristol Bay Kayak Wounded Warriors Yamaha Technology TRAC DuraSafe Electronics Lock ATV blue marlin Sportsman's rights LCWCC Milennia MIL-iDock BASSMASTER Tom Neustrom Ditty bag Rain gear Monel Metal Michigan City, Indiana Footwear Kindle book Shoes Soul5 Tackle Labs Marine Speakers Northland Bait Holder Lip-Stix WileyX Bait head Bass Rapala Blue Collar Outdoors Fish Hawk XD4 Mustad yachtpaint.com PRADCO Bad Elf Line Bibs Yamaha ATV McMurdo GPS for Lightning Connector Glacier Glove Niagara Falls Bro Brosdahl Costa Sunglasses Strike King Rushton Gregory Gene Larew tackle storage Aquatic AV HELLA Plano Synergy Gravity Slender Spoon InvisaSnap DSC Mack's Lure EZ BoatPort Records Angler 175T Volvo Penta Global Spectrum ASA On board inReach Safe boating Izaak Walton League Rain suit Traxstech Kevin Van Dam Bethel University Trout Unlimited Aqualuma marlin Bug repellent Oculus Apps Tip-Up Rubrail Chronglobal Odd'ball Fin Spin Walleyes Barry Brown Marine binoculars Autotether Prosepec Electronics South Haven, Michigan Hobie Pro Angler Delorme Side Imaging Turning Point Props Catch & Cook Tyee Size limits OHIO ONIX Bass lure Wild River series Lowrance Flat Slider 75 Personal Flotation Device New York Hobie YUMphibian bimini top Thermacell Milwaukee Journal-Sentinel Oakley Sunglasses Ethanol Brown trout PLB Headgear Tim Popfinger iPilot University of Buffalo Tournament ABT Betsy Cannon Davis Instruments MUSHING Coleman cooler Costa Del Mar Homeport Marine Marketing USCG Ryan Wilson Simrad Acme ShowSpan ABT X-2 Countdown Conservation National Guard EZ Dock Normark Reef Runner FLW Tools Mike Seymour Fishing Clubs theft Brian "Bro" Brosdahl Okuma St. Croix Ultimate Flannel Shirts Lund Boats ChartSelect Skamania Mania Nautical AKOYA Husky Jerk Legend Gold Beckson Marine Whale Pumps BoatUS Angler Lock Rippin' Lips Glorvigen Jeff Gustafson Pop-Up LED Bowlights Boat Covers SeaLife Cameras TRAC Ecological Contaminants Triton Boats Owners tournament Multitools Frabill CUSTOM JIGS 'N' SPINS Invasive species Brian Brosdahl Marcum Smartfind S20 Personal AIS Beacon Alaska Whistler Spoon Lake Assault River Fishing Onyx Sharpeners Clay Dyer SOG Lures Electronics Spencer Yachts YUM iPad Quantum Topwater Bheestie Bag YUM Dinger fitness Storage MATE USA 360 BASSMASTER CLASSIC weather Jack Links Games METS trailer tongue Goby Fiberglass tiller Accon Marine Dan Egan Water Buddies WeatherStation Corey Schmidt Gunnison, CO Brandon Newby Wisconsin Catfish Andrew Semprevivo Vick Grady-White Lake of the Woods Gary Giudice spinning rod Alaskan Bug bite relief Lead Boat maintenance Mr. Twister LineGrabber Wind Power Wedding Ring Matt Straw eZSplice RAT FINKEE Shelter Kurt Mazurek Absolute Outdoor, Inc. Cabela's Foul weather gear Deep Sea Diver Alabama Rig Batteries Gull Lake Marine GPS Speedometer Interlux Beckson Fishouflage Soo Locks Olcott, NY Ranger Dollahon Hevi-Beads Martin-Flory Slide Moor The Conference & Event Center Niagara Falls Pro Polish Skarlis Ditch Shurhold Rough Weather Shoremaster Fort Wayne, Indiana Seakeeper gyro MWC Launch ramp Mark Zona Radio Boating safety Aqua-Vu Weather Buoy Rippin Lips Lighting Fish America Foundation Beckson Marine Deck Plate Ultracoat jigs Micro-Mobile Pro Viewing Case One-Handle-Does-It-All System Ranger Boats JBL Brad's Keep Kool Humminbird Costa redfish Free Fishing Weekend Venice, Louisiana High school bass fishing Honda Lake Ontario Practical Sailor Sunglasses Swim Whizz Whale Ice Fishing Dave Mull Blog Louie Stout Buff Radial exotic invader Greater Niagara Fishing & Outdoor Expo Bass Pro Shops Four-Person Dome Tent with Screen Porch Boats Crankbait Net clubs Traditions Media Multi-species Masters Walleye Circuit Jeff's Tackle Shop Air show Manistee USCGA Grab Rail Navigation Future Fisherman Foundation award Mazurek Dogs Chatterbait Raritan Legend Extreme Lake Michigan Mag Light Team Aqua-Vu Indiana DNR Bob Schmidt EZ Splice Fasteners Bass Pro Shops Gift Card Northwest Indiana Steelheaders Black Earth Creek dock lines Ranger Aluminum Deep V Series Accessories Marine General Asian carp Earth Day Extended Warranty Conservation Marathon Custom Jigs & Spins Rovermax LR 100

Archive