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


GlAngler Subscription

Recent Posts



Tags

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

Archive