Boat owners can avoid significant out-of-pocket costs from unplanned mechanical breakdowns by using Extended Marine Service Contracts, also referred to as “Extended Warranties.” Barosemarineoutboats.uk can assist you with obtaining reasonably priced insurance. To protect yourself right now, request a quotation.
Details about Boat Warranties
There are three primary kinds of boat warranties to consider when purchasing one: extended warranties, engine warranties, and manufacturer warranties. The dealer or seller may provide a combination of these guarantees when you purchase a new or used boat, contingent on the particular boat and the terms of the transaction.
Manufacturer’s Guarantee
When a new boat is purchased, the manufacturer will guarantee it against structural failures such as hull cracks, flaws in the fiberglass and overall workmanship, problems in the gelcoat, etc. Up to ten years of structural warranties are provided by certain boat manufacturers.
Warranty for Engines
Nearly all engine manufacturers provide warranties on their new engines that cover any technical issues within a specific time frame, or a predetermined number of hours of use, just like boat manufacturers do.
Extended Warranties
Extended warranties are technically extended service contracts but, since most people use the word “warranty”, they are often marketed that way. A warranty is something that is given away with the purchase of a product. Extended service contracts are purchased from third-party administrators. Extended service contracts cover both the boat and/or the engine to varying degrees, depending on the type of coverage.
Extended service contracts ARE NOT insurance. They do not cover damage caused by fire, theft, the weather, or user error. Extended service contracts pay for the parts and labor when you have a mechanical failure such as issues with the engine, transmission, electronics and so on. When shopping for extended service contracts it is important to read through the coverage and make sure you are purchasing from a reputable company. Extended service contracts are highly recommended to offer peace of mind to boat owners, so they aren’t worried about coming out of pocket for major and minor repairs. The terms available may depend on the age of your boat and when you purchase the contract as well as the company you buy from.
Commonly Asked Questions
What is a boat’s extended warranty?
In the event of a mechanical breakdown, an extended warranty (also known as an extended service contract) covers both the components and labor.
Does my boat require a warranty?
Purchasing a boat from a seller who is ready to provide a guarantee is a smart option even though it is not necessary. This shows you that the seller guarantees that their product is free from defects and is backed by their warranty. Prior to issuing any boat loans, certain boat finance companies that specialize in yacht and boat loans could demand that the seller provide a warranty.
Where can I find a long-term service contract?
Numerous third-party businesses focus on long-term service agreements. These businesses provide a range of engine and component coverage options. Make sure the supplier has a solid reputation before buying coverage from a third party, and read the terms to make sure you understand the coverage.