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

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

Archive