Thanks for the confirmation, I'll stick to paying a month in advance by credit card and save £15.
If you do buy a 12 month Warranty up front, it can be cancelled at a later date and you get a pro rata refund, less an admin. charge of around £20.
For me, the most economical way is to pay per month for 7 months.
You have more faith in insurance companies than I do David. I'd be far too worried that they've got far too many get-out options to ever risk your approach.
Thinking about it as objectively as I can, I just don't think it's reasonable to expect to get a 12-month warranty for a 7-month payment and all my experience with insurance companies is that you can't beat the system.
Once you've made a big claim using this approach (and had it settled) I'll be convinced but not before...
Sorry for diverting slightly here (oops) I'm guessing you have to have your bike serviced by an authorised BMW dealer to conform with their warranty T's&C's? If so? What's the cost of an annual 6k/12k/18k/24k service plus the £370 odd for the warranty?
Means a continuous series of policies with no fixed end date unless lapsed or cancelled by you or us. If you have a monthly policy this will be shown on your confirmation letter."
"You can choose either:
1. an annual policy for 12 months, or
2. alternatively, choose ongoing, monthly cover"
I misled very slightly on the immediate 386 cover, which starts after 24 hrs. Not the same day.
The bike had to be upto speed with all due services carried out to BMW spec (my reading on that is not necessarily by a BMW dealer) but I wouldn't be confident at putting that to the test.
Have to say that if we pay serious money for the bike plus nearly £400 on a warranty why try to save the difference between a main dealer v independent service even if it's twice a year which I doubt in most cases.
The fewer possible 'get outs' for any insurance the better.
Have to admit that the cover within 24 hrs does seem wide open to abuse and can't understand why they have given the option in addition to the usual 1 month moratorium. They definitely are no fools so must think they have a system to beat would be cheats. Can't think what it would be though unless it's to turn every claim down in the first month anyway. That would work. (Said in jest just in case anyone official is snooping).The only stipulation is that the service record is upto date but that could mean 5999 miles or 364 days since the last service.
The point there being that any faults or issues would hopefully be discovered and on the record and the Insurers' backs would therefore be covered.
Got it in one. It's a dead cert that any scheme you can think up to save a quid or two on warranty costs are only going to end up as no warranty.
My extended warranty last year costs £360. Take off the price of Emergency Assistance and it brings it down to about £280. Good value in my eyes if you look at most things that might just go.
Last edited by guest2360 on Sun Apr 30, 2017 9:43 am, edited 1 time in total.