Is an Extended Warrantee or Breakdown Insurance an good idea?
A. Full Time RVer, Lew Mann Answers: I’ve been an insurance agent since 1975 so I know how to read insurance contracts. After reviewing several forms of breakdown type plans 5 years ago I decided to purchase the Good Sam CSP* on my gas coach. The CSP was designed differently that other “extended warranty” plans I reviewed. However, when I traded up to my diesel coach the CSP became too expensive ($1,200+ per year) for the benefit received. Most items covered would cost less to replace than the deductible! In my humble opinion, unless you have little cash resources, you should self-insure. That is to say, be prepared to pay for any repairs you may eventually need. *Good Sam CSP is a mechanical breakdown plan that covers every part of your RV, Travel Trailer, and Tow Vehicle!
