I'll chime in on this one.....Jerry does not like the ESP. He has valid points and I have to agree with him. As others have stated, however, they were very glad they had the ESP and per their issues, ESP was a good purchase for them.
Whether it's a garage queen or a cross country jugggernaut, it all boils down to betting. You hope the ESP is never used but you put the coins in the slot anyway. Either way, the house wins. If you do use your ESP and it comes in handy, you pat yourself on the back because you made that purchase. The house still wins, however, because they took your money and invested it to make more. What little claim you may have had is a drop in the bucket compared to what they made while they had your money. Plus, at the end of the contract, it's all theirs. But for every ESP claim, there are probably 10-15 policies never used. House wins again. Otherwise, why sell the darn insurance in the first place? CNA (or any other firm for that matter) is NOT in the business to lose money.
Me? I have purchased the ESP in the past (last time was on the 1997 Ultra....never used it). Have not since and did not when I bought Ginger. Thought about it....and am considering it as my factory warranty is out end of March this year just because of my fear the 110 gremlins that MANY of our other brothers/sisters have encountered.
However, consider this as I am. If I take that same $1,500 to $1,900 and put it in the bank for "future" problems, it will be drawing
me interest (what little it will) and NOT the insurance company. Yep, I may still have to use it plus more if there are major problems but it's in the bank, not the hands of the insurance company. At the end of 3, 4 or 5 years and I don't use it, it's still my money. Plus, I can modify to my hearts content after the warranty goes out and not worry about any denied claims....

Just some thoughts to ponder upon this lovely Wednesday afternoon....
