Warranty Extension is it worth it?

ShirleyAllis
ShirleyAllis Forum Participant Posts: 8
edited January 2021 in Caravan & Motorhome Chat #1

I received a letter from MB&G Insurance informing me that my caravan warranty is due to expire on 3/02/2021  Our caravan is a 2017 Lunar Delta which we purchased new in July 2017 from our local dealer

I have not had any previous dealings with this Insurance company, but they are quoting a  previous premium from 4/02/2018 per 12 months renewal price for comparison of £119.67    I have never paid any premium for warranty to any company previously. They are now offering me a Silver Cover for caravans over 5 years old and up to 15 years old with a premium of £229 for 12 months cover.  They state there is an individual claim limit of £1000.00 on each and every claim and unlimited claims up to the retail value of the vehicle.

Our caravan is not yet 5 years old, and a one thousand pound limit on individual claims seems to be very low to me. Is this normal for warranty insurance?

Has anyone else extended their caravan warranty, if so does this sound a reasonable price to pay?

Just to clarify, this is for warranty cover not Insurance cover.  Our regular caravan insurance is with CAMHG

Thanks for any help

 

Comments

  • brue
    brue Forum Participant Posts: 21,176 ✭✭✭✭✭
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    edited January 2021 #2

    Everything hinges on what you'd be getting for your money and what you feel is reasonable for your own peace of mind. 

  • Tinwheeler
    Tinwheeler Forum Participant Posts: 23,138 ✭✭✭
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    edited January 2021 #3

    Personally, I'd save the premiums and pay for repairs myself. Only you can decide based on your knowledge of your van and the terms of the policy.

  • Tigi
    Tigi Forum Participant Posts: 1,038
    500 Comments
    edited January 2021 #4

    Agree with Tinwheeler, the premium is not that high but neither is the cover. 

  • ShirleyAllis
    ShirleyAllis Forum Participant Posts: 8
    edited January 2021 #5

    Thank you all for your replies.   Yes, I do understand this a decision only I can make taking into account the premium, the cover offered and whether or not I consider it to be a reasonable purchase for the cover offered.

    I suppose my question really is has anyone experience of extended caravan warranty, and if so, are these figures comparable for similar age vans? I realise I could go to a comparison site for prices, but I had hoped there may be some people on here who could give their experience of extended caravan warranties be that good or bad.

    Thanks for any help

  • armourer
    armourer Forum Participant Posts: 218
    edited February 2021 #6

    our van comes with 10 yr warranty   free

    lunar are out the game now i would think about trading it in

  • EmilysDad
    EmilysDad Forum Participant Posts: 8,973
    1000 Comments
    edited February 2021 #7

    that's a real help ..... 🤐🤐

  • Unknown
    Unknown Forum Participant
    edited February 2021 #8
    The user and all related content has been Deleted User
  • GTP
    GTP Club Member Posts: 536 ✭
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    edited February 2021 #9

    We also bought a Lunar Clubman (as in photo) 2017 ...and received an extended warranty with MB&G as part of the deal...says on the policy document worth £399 and valid up to 2023. It does cover water ingress and delamination...

     

  • MDD10
    MDD10 Forum Participant Posts: 335
    edited February 2021 #10

    I think a premium of nearly 25% of the maximum payout is excessive and not worth the money.

  • DSB
    DSB Club Member Posts: 5,666 ✭✭✭
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    edited February 2021 #11

    I think the water ingress warranty on our Bailey is for 6 years, so we will have to decide what to do within the next 12 months.  To be honest, I'm beginning to think that we've probably had most thingsxfixed that are going to go wrong... 😃

    David

  • EmilysDad
    EmilysDad Forum Participant Posts: 8,973
    1000 Comments
    edited February 2021 #12

    you know that you've just put the kiss of death on it now .... 🙄🙄

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