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Third Party Warranties

 
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Old 05-17-2018, 05:25 PM   #1
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Third Party Warranties


Anyone in favor of them... Seem like a waste of money to me. Something the realtors are pushing for sure. 1 year builder warranty is standard in my parts and I have been referring to the RCPG for all warranty issues as to what is and isn't a warranty.

Biggest selling point from the 3rd party guys is that they will take care of all your calls... (but if your sub doesn't perform then you are on the hook for the payment and if you don't pay then they sue you to recover damages) Sounds like more trouble than it is worth.

Like I said. Anyone in favor of them. I'm wondering if I'm missing something here? Anyone have good experiences with these programs?
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Old 05-17-2018, 06:06 PM   #2
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Re: Third Party Warranties


Quote:
Originally Posted by bwiab View Post
Anyone in favor of them... Seem like a waste of money to me. Something the realtors are pushing for sure. 1 year builder warranty is standard in my parts and I have been referring to the RCPG for all warranty issues as to what is and isn't a warranty.

Biggest selling point from the 3rd party guys is that they will take care of all your calls... (but if your sub doesn't perform then you are on the hook for the payment and if you don't pay then they sue you to recover damages) Sounds like more trouble than it is worth.

Like I said. Anyone in favor of them. I'm wondering if I'm missing something here? Anyone have good experiences with these programs?
How can you do the math to analyze your risk vs. potential profit. Like many warranties, you have to have every exclusion possible to alleviate yourself from having to pay out and you have to include every system possible so the customer has to jump through impossible hoops to get any benefit.

I would not waste my time nor take any risk.

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