4) Until it fails.
How do you know the engine will fail?
5) Resale value sucks at this point, but at least I have a new cap.
You also will have your engine inspected by a GM dealer, and the warranty on the current engine (if not replaced under the safety recall), will be extended for 10 years or 150,000 miles.
6) If I am 1,000 miles from home and it fails what happens?
If the engine fails within the 150,000 mile or 10-year warranty extension, you would have the vehicle towed to a Chevrolet dealer using the Chevrolet roadside assistance. Yes, you’d be stranded. The current new-car warranty does not include expenses, but a GMPP does.
If the engine fails 1,000 miles from home - after the 150,000 mile or 10-year warranty extension, you’re on your own.
If you purchase a GMPP, the plans can include rental coverage and other expenses. You may want to investigate that purchase?
I’m not sure what you don’t understand about the safety recall and the actions that may be taken by GM?
Have you had engine issues with your vehicle?