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

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

Archive