Introduction
When you invest in a forklift, you’re not just buying equipment — you’re buying operational uptime, productivity, and safety. But what happens when a critical component fails? That’s where a forklift extended warranty can make all the difference.
In this guide, we’ll break down whether an extended warranty is worth it, what’s typically covered, and how the right plan can save your business from costly repairs and unexpected downtime.
What Is a Forklift Extended Warranty?
A forklift extended warranty is a service contract that protects your equipment beyond the standard manufacturer’s warranty. It covers the cost of repairs and replacements for eligible components due to defects in materials or workmanship.
Unlike basic warranties, extended plans can last 6, 12, or even 24 months — and often include coverage for both powertrain and hydraulic systems.
Why You Should Consider a Forklift Extended Warranty
Here are three compelling reasons businesses opt for extended coverage:
1. Protection Against Major Repair Costs
A failed transmission or hydraulic pump can cost thousands to replace. A warranty shifts that financial risk away from you.
2. Reduced Downtime
With a proper claims process and certified repair network, covered failures are addressed quickly, minimizing operational disruption.
3. Increased Resale Value
Forklifts with transferable or documented warranty protection often retain more value — especially when paired with maintenance records.
What Does a Forklift Extended Warranty Cover?
Coverage varies by plan. At JBI Warranties, we offer two options:
🔧 Core Protection (Powertrain)
Covers major systems like:
-
- Engine block and internal components
-
- Transmission
-
- Drive and steer axles
🛠 Enhanced Protection (Powertrain + Hydraulics)
Includes everything in Core plus:
-
- Hydraulic pumps
-
- Hydraulic valves
-
- Cylinders (excluding seal leaks)
🔗 See our full Covered Components Schedule for a detailed breakdown.
Common Forklift Repairs Covered Under Extended Warranty
Here’s a look at typical repairs that are eligible under extended forklift coverage:
| Component | Average Repair Cost |
|---|---|
| Transmission | $3,000 – $6,000 |
| Hydraulic Pump | $2,500 – $5,000 |
| Drive Axle Assembly | $1,800 – $4,000 |
| Engine Overhaul | $5,000 – $10,000 |
These costs are often fully or partially covered under a warranty — saving your business thousands.
Who Should Buy a Forklift Extended Warranty?
A forklift extended warranty is ideal for:
-
- Fleet managers looking to reduce long-term maintenance budgets
-
- Warehouse operators with limited backup units
-
- Used equipment buyers who want peace of mind
-
- Dealers who want to offer added value with resale units
Whether you’re running a single lift or an entire fleet, extended coverage helps protect your uptime and your budget.
How to Choose the Right Warranty Provider
Not all warranties are created equal. When comparing providers, ask:
-
- Are certified repairs required?
-
- What documentation do I need to file a claim?
-
- Are hour limits clearly defined?
-
- Is the plan backed by the equipment dealer?
At JBI Warranties, we work directly with trusted dealers and only require straightforward documentation to process claims.
Final Thoughts: Is a Forklift Extended Warranty Worth It?
Absolutely — if you value uptime, budget control, and peace of mind. A forklift extended warranty is a smart, proactive investment that pays for itself the moment something goes wrong.
To get started, visit our warranty coverage overview or contact us directly to request a quote tailored to your equipment.
Frequently Asked Questions
❓ How long does forklift extended warranty coverage last?
Plans are available in 6, 12, and 24-month options, depending on your needs.
❓ What happens if my hour meter fails?
If there’s no record of prior usage when an hour meter is replaced, the warranty may be void — always document meter changes.
❓ Do I need maintenance records to file a claim?
Yes. You’ll need maintenance logs and service receipts as part of the claim process.
Get Warranty Protection Backed by Experts
JBI Warranties is a division of JB Industries LLC, based in Colorado and trusted by equipment dealers nationwide. We’re here to help you protect your investment — with transparent coverage and support you can rely on.
👉 Get in touch now or download our full Terms & Conditions.