[ShrimpBurrito]

A few things to consider:

1) does it truly cover everything?
2) is there a deductible?
3) can you take it anywhere for repairs, or does it have to go to a specified shop? How far from your house is the shop? Are you likely to actually hook up your trailer and tow it to the shop for smaller repairs, or will you just do them yourself?
4) do you have to pay upfront or can the shop direct bill? If the former, does the company have a reputation of delayed payments or disputing claims?

If I were in your shoes, I would be inclined to pass on it if I were a reasonably handy person. If I didn't know how to use anything but a screwdriver, I would seriously consider it.

By buying it, you are gambling that you will have at least $1,000 in repairs in the next 4 years (provided there are no deductibles). But that excludes maintenance items, like bearings, tires, batteries, burst pipes from freezing, winterizing, etc. I think that's where most of the expense in RV ownership comes from.

Dave