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

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

Archive