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

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

Archive