Boat Warranty

[MrMoray]

I'm signing the papers on my first boat tomorrow and I need to make a decision on the "PassPort Premier" warranty they are offering me. The boat is a Sea Ray. Is anyone familiar with this warranty? Is it worth it, or is it just easy money for the sales guy, and a headache for me?

 

[borourke]

Re: Boat Warranty

I just purchased a new boat yesterday and did buy an extended warrenty. It covered the engine and all components of the boat except for the hull structure it self for 6 years. Changed the payment about $23.00 p/month. Yes it is easy money for the sales person but I fugured it was worth it. The other selling point for me was that if after the 6 years I do not have any claims on the policy I get the full amount of the warrenty back. Ultimately the decision is yours to be comfortable with. For me I felt it was the right thing to do. I would ask about the refund policy though, that made the decision a little easier for me.

 

[tommays]

Re: Boat Warranty

mr<br /><br />who is offering the paper is the big factor if its searay,merc or volvo directly its a lot better than a third party warrenty company which are infamous in both the boat and auto world for doing a great job of not covering things.<br /><br />you really need to read the fine print if your expecting bumper to bumper auto type coverage you will find that its not going to happen on a boat<br /><br />one of the biggest things is getting water in the motor from owner error very hard to get covered <br /><br />tommays

 

[rodbolt]

Re: Boat Warranty

read the fine print. most bumper to bumper warrenties are worthless. some start pro rating things. some are more of an insurance policy rather than an actual warrenty.

 

[Bondo]

Re: Boat Warranty

Changed the payment about $23.00 p/month. The other selling point for me was that if after the 6 years I do not have any claims on the policy I get the full amount of the warrenty back.

Does sound like a term life insurance policy,....... Doesn't It ??? <br />What's the Interest Rate ???<br />How Small a Claim gives the Total to Them ??