Warranty Extension is it worth it?

ShirleyAllis replied on 25/01/2021 11:15

Posted on 25/01/2021 11:15

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

 

brue replied on 25/01/2021 16:16

Posted on 25/01/2021 16:16

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

Tinwheeler replied on 25/01/2021 16:55

Posted on 25/01/2021 16:55

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 replied on 25/01/2021 18:46

Posted on 25/01/2021 18:46

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

ShirleyAllis replied on 26/01/2021 10:47

Posted on 26/01/2021 10:47

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

EmilysDad replied on 17/02/2021 23:51

Posted on 17/02/2021 21:36 by armourer

our van comes with 10 yr warranty   free

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

Posted on 17/02/2021 23:51

that's a real help ..... 🤐🤐

replied on 18/02/2021 08:39

Posted on 18/02/2021 08:39

The user and all related content has been Deleted User

GTP replied on 18/02/2021 10:18

Posted on 18/02/2021 08:39 by

Having been a Lunar owner I would  be very interested  if the warranty  covers water ingress and if it was a company I had grounds to believe would pay up. £1000 each time would probably have been enough ot a good contribution towards the annual repairs mine had (under the lunar warranty)  

Posted on 18/02/2021 10:18

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...

 

DSB replied on 24/02/2021 23:56

Posted on 24/02/2021 23:56

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

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