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Should You Buy an Extended Warranty?

Your vessel is a significant investment and mechanical failure is a reality. As a boat owner, you want to protect yourself from the unexpected and expensive cost of repairs. The price of parts and labor has increased dramatically over the past few years and will continue to rise in the future.

Labor rates today range from $75 to as high as $120 per hour. This means that minor repairs can cost several hundred dollars and major repairs to your vessel can range from $500 to $7000. Marine breakdowns and repairs seem to always come at the worst possible time.

Owning an extended service plan gives you peace of mind by knowing you are protected against these unexpected breakdowns. There is nothing worse than paying for expensive repairs while making monthly payments on a broken boat.

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