I would say if you do heavy mileage it would be worth it, less than a quid a day & if you go overseas bmw assistance is pretty good.i swithered aswell and thought 1 more year and 6 days later the final drive needed rebuilt so this year it paid off.if you only do a couple of thousand a year, stick the dough in your account.
That is pretty good advice.
The BMW branded extended warranty is reasonably broad in its cover, adding in the extra benefit of very good (compared with many) European recovery, too.
Insurance of this type, is not a gilt edged investment; if nothing goes wrong, then it returns absolutely zero. If something serious does happen, then it may well return in spades.
It's also a partial fallacy that you can pay three hundred (the equivalent of the annual premium) into a bank account each year and obtain the same result. OK, it works if nothing significant happens; but if your final drive fails on day two, you'll be stumping up more, say £600 for a big job. So, you'll have to bring forward the three hundred pounds you had earmarked for next year into this year and still have to pay £300 into your bank account next year, assuming you still own the motorcycle... Oh, and if you are truly wise, you'll need to add in three hundred again for this year, in case you have a second calamity after the first.
This proposition is supported by Stolzy's reply that he only insures what he cannot afford to pay for in full out of liquid cash.
If he has, in this example, £600 in cash available and if he is reasonably sure nothing else will go wrong and/ or that he will not suddenly have to spend the £600 on a new front door or replacing the ignition system on his car... Or if it does, that he can cover two £600 eventualities... Then indeed going self-insured makes excellent sense.
If you are less certain that you can make a £600 cash call to repair your motorcycle
and still have funds to go on your 0.5 of a year holiday on your motorcycle then extended warranty may well just become your very best friend.
You pays yer money, you takes yer choice. There is no absolute right or wrong definitive answer. Only time and your wallet will tell you whether what you (not another fellow) decided to do was right.
For what it's worth, I had excellent value out of mine, more than once. Recovery in France, a new final drive, a new radiator... And probably a bit more. I do lots of miles in a year, almost exclusively outside of the UK. The pence cost per mile for me is manageable, I'll spend near enough on fuel just on one or two decent jaunts than I will in a year of extended warranty cover.
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